Is the Federal 30% Tax Credit applied to the gross or net cost of a system?

by staff on June 9, 2009

Q: Is the 30% tax incentive applied to the amount before or after the utility company rebate. Some companies are saying before some companies like yours say after. It seems as though no one has the facts. I also wonder if a business can apply for both a 30% residential and 30% commercial tax credit if the owner lives at the place of business such as a resort. Would the owner qualify for both residential and business incentives for going solar?
Asked by justin

A: According to our sources, the 30% federal tax rebate is applied to the net cost of the system (which would be after any local/utility rebates). A given system is only eligible for either the residential or commercial incentive and not both. A local professional would be better qualified to answer all specific rebate questions for your area. You can get in contact with one using our form here: http://solar.coolerplanet.com/RequestInformation.aspx.

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