The country’s “bailout” sparks a future for Maui’s Solar Energy!

Solar Tax Credits are growing as the 2008 Emergency Economic Stabilization Act (EESA) is getting established.  Prior to this solar credits maxed out at 30% or $2000 max and was due to expire at the end of this year.  However, with the interest of reducing the fossil fuel dependence that Hawaii is extremely dependent on the new legislation has provided much more appealing tax credits….there are important exceptions such as you can not install solar/photo voltaic systems to heat pools and still get the tax credit, check with your tax professional for all tax credit details.  Residential dependence of fossil fuel is costly and now the future of solar seems to be a little brighter with possible credits of a residential system that may cost $27,000 for a single family dwelling with up to $9000 or 30% be tax deductible.   Solar may be one of the safest investments right now!

Mary on Maui

C21 All Islands Wailea-Your Wailea Realtor

www.maryonmaui.com

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