Charleston's Solar Thermal Experts
Federal and state tax incentives currently add up to more than one-half of the combined purchase and installation costs of a solar-thermal water heating system, so the time is right to think about letting the sun take care of your hot water needs.
With a very short pay-off period of three to six years, soon your system will be providing FREE HOT WATER - with a system lifespan that can triple that of standard hot water heaters. The expected lifespan of flat plate solar collector in drainback systems is over 20 years!
Solar thermal heating is also an efficient and affordable measure for swimming pools of all sizes, and although the federal incentives do not apply to pool heating, the state tax credit does. Extend your outdoor season and raise your pool's temperature up to 16 degrees with a solar pool heater.
Elemental Design Group employs only products manufactured in the United States in order to further reduce carbon emissions and support our economic stability.
Available for systems installed after January 1, 2006
US Department of Energy, The Energy Policy Act of 2005
The Energy Policy Act of 2005 (EPACT), signed by President Bush on August 8, 2005, offers consumers and businesses federal tax credits beginning in January 2006 for purchasing fuel-efficient hybrid-electric vehicles and energy-efficient appliances and products. Most of these tax credits remain in effect through 2007.
Consumers who purchase and install specific products, such as energy-efficient windows, insulation, doors, roofs, and heating and cooling equipment in the home can receive a tax credit of up to $500 beginning in January 2006.
The EPACT also provides a credit equal to 30% of qualifying expenditures for purchase for qualified solar water heating property used exclusively for purposes other than heating swimming pools and hot tubs. The credit shall not exceed $2000.
Improvements must be installed in or on
the taxpayer's principal residence in the United States. Home
improvement tax credits apply for improvements made after January 1,
2006.
South Carolina offers a similar incentive: in South Carolina, taxpayers may claim a credit of
25% of the costs of purchasing and installing a solar-energy system for
heating water, space heating, air cooling or generating electricity in
a building owned by the taxpayer. The maximum credit in any year is
$3,500 for each facility or 50% of the taxpayer's tax liability for
that taxable year, whichever is less.
The Database of State Incentives for Renewables and Efficiency website provides a searchable comprehensive database of state, local and utility based incentives.
Visit their library to learn more about Federal tax credits and to access links to tax forms.
