SolarReviews | Idaho Solar Power Rebates and Incentives
Solar Power Rebates, Tax Credits and Solar Panel Incentives in Idaho; 2012 Update
Idaho has some incentives available for those who are looking to get into solar power they have not as yet implemented a Renewable Portfolio Standard. If they do this you will see incentives improve.
Federal Tax Credit
The single most significant financial incentive for your solar power system in Idaho is the same Federal Tax Credit that applies right across the USA. This gives you a credit on your Federal Tax bill equivalent to 30% of the cost of your solar system For more information on this visit out page "The 30% federal tax credit for residential solar power systems" Because this is a tax credit you get the benefit of this when you do your next federal tax return, rather than getting a cheque on the day of installation. Still, it has a real value if you are in a position where you are paying annual federal income tax equivalent to 30% or more of the value of your solar panel system.
Idaho State Rebates
Idaho has passed a statute allows taxpayers an income tax deduction of 40% of the cost of a solar, wind, geothermal, and certain biomass energy devices used for heating or electricity generation. Taxpayers can apply this 40% deduction in the year in which the system is installed and can also deduct 20% of the cost each year for three years thereafter. The maximum deduction in any one year is $5,000. The total maximum deduction is $20,000. As always these incentives seem to change or are subject to rules or funding restraints so the best way to see what's available in your area is to click "here" and we can put you in contact with local installers.
Idaho Solar Incentives and investment case: Summary April 2012
Idaho is lagging behind most states and if it is serious about renewable energy it needs to implement a Renewable Portfolio standard. There is a state based rebate program and the Federal tax break so if you want to see what's available in your area click "here" and we can put you in touch with local solar specialists.
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