What is the Emergency Stabilization Act of 2009?
On October 3, 2008, George W. Bush signed the Emergency Stabilization Act of 2009, which extended the credits available for solar-powered energy systems and expanded the qualifying product requirements. This allows for a 30-percent tax credit on the purchase and installation of residential solar water heating, photo voltaic equipment, and fuel cell property.
What YellowBlue Advanced Solar Attic Systems are eligible for the federal tax credit?
YellowBlue Attic Fans, both roof mount and Gable kits, qualify for the category solar energy systems,(photovoltaic systems) under the definition below:
Property that uses solar energy to generate electricity for the residence and must meet applicable fire and electrical code requirements.
There are no specific technical requirements for photovoltaic systems. But all installed Solar Star Attic Fans Systems must meet applicable fire and electrical code requirements to qualify. The YellowBlue Solar Attic Fan systems meet these requirements.
What are the tax incentives dates for Solar Attic Fan Tax Credits?
Homeowners are eligible for tax credits for qualified photovoltaic systems purchased and installed between January 1, 2009 and December 31, 2016*.
What is the amount of the tax credit the homeowner is eligible to receive?
For solar photovoltaic (PV) systems, the allowable tax credit is 26% of the qualified PV system expenditures, including both product and installation costs.
What is the maximum amount of cost on which the credit can be figured?
There is no credit cap for residential photovoltaic (PV) systems placed into service after December 31, 2008.
Do products installed in my second home or rental property qualify?
Existing homes & new construction qualify. Both a primary residence and second homes qualify. Rentals do not qualify.
What is a tax credit?
A tax credit is subtracted directly from the total tax liability.
What does the homeowner need to claim the tax credit?
To qualify, tax payers should retain information that includes:
Receipt with the cost of the system (including labor)
When it was placed in service
Manufacturer certification statement
Where do homeowners go for the IRS form?
Click here for IRS Form 5695, available on the IRS.gov website.
Are there any local incentives for my county and/or city?
Many local utility provide financial incentives for energy-efficient products. To find out if rebates or incentives are available in your area, visit the ENERGYSTAR rebate finder at www.energystar.gov, visit your state energy office website for specific state tax information or go to http://www.dsireusa.org/ (State database of Incentives for energy efficient products).
Disclaimer: YellowBlue Eco Tech makes no warranty as to the qualification of the products for federal tax credits. YellowBlue Eco Tech is not responsible or liable for the taxpayer’s ability to receive tax credits and this document does not constitute legal or tax advise. YellowBlue Eco Tech, Inc. is not a tax advisor. Any tax payer who wishes to clain a tax credit should consult a tax professional with any questions. This document is not intended to constitute legal or tax advice. The user maintains the full and complete responsibility to comply with all codes, laws and regulations. The information contained herein is believed to be accurate as of the time of preparation and information is subject to change without notice. Therefore, YellowBlue Eco Tech makes no warranty as to the accuracy of this information. If there are changes
in requirements or applicable law yellowblue will attempt to update information based on information as it is made available .
All questions concerning concerning safe installation of YellowBlue Solar Attic Fans and Systems should be directed to the local independent authorized dealer of yellowblue products.
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