Solar Thermal Tax Incentives
The federal government and many states have adopted tax incentives as a way to promote alternative energy. See below for details on eligibility and incentive levels for projects in the state of Montana.
For information on other renewable energy incentives, including programs offered in other states, visit DSIRE at http://www.dsireusa.org/
Federal Incentives
The federal government provides tax credits for individuals and businesses. For a solar thermal project to qualify for the credit, the components must meet certain specifications. Liquid Solar Systems works only with SRCC-approved products that meet this criteria.
- Residential Solar and Fuel Cell Tax Credit
- Business Energy Tax Credit
Through 2016, homeowners can receive a 30 percent federal tax credit for installing a residential solar thermal system.
>> Program description >> Tax form
Commercial installations are eligible for a tax credit equal to 30% of the cost of the solar thermal system.
>> Program description >> Tax form
Incentives in Montana
There is currently one tax credit program in the state of Montana for solar thermal installations
- Tax credits for individuals installing nonfossil forms of generation
Montana offers tax credits up to $500 for residential solar thermal installations.