Tax Credits Still Available for 'Maturing' Renewables
If you're considering going renewable, an industry expert says it's a good time.
With fuel prices headed higher and higher, suddenly thinking green may be as much about what's in your wallet as what's in the environment. A booming renewable energy industry in Maryland and the continuing availability for some tax credits mean that Earth Day might be a time to look into changing how you plug in. Though grants and tax incentives aren't what they were in years past, there are still plenty of incentives to help you along on the county, state and federal level. The federal credit is worth 30 percent of the installation's total cost. On the state level, Maryland offers a sales tax exemption for renewable energy equipment and an income tax credit for clean energy production and grants for installations. The state's credits, …
Wes Mantooth
10:17 am on Wednesday, April 25, 2012
That's a worse case scenario. By far. If your house is well situated for solar (good southern exposure, no trees) and you don't burn a ton of energy in your house, you should be able to "net zero" your electrical bill several months of the year (or even sell power back to the grid, albeit at an unfairly low price), the payback time for a "good" site/house is more like 5-10 years. Factor in these … more ›