Added Benefits of Solar Roof Technology in a Down Economy

April 8th, 2009 — Solar Roofing

This is an excellent time to go solar powered. There are many state and federal tax incentives (up to 80% of the cost) and dealers looking to sell their product in the down economy.

Aesthetic solar roofing tiles. Solar water heating coils on the left edge.

The economic stimulus package signed into law by President Obama includes tax credits for solar technologies. One technology, hot water solar collectors embedded into the roof are becoming popular.

Aesthetic solar roofing shingles look just like normal black roof tiles, and blend in nicely with the roofscape. The shingles are covered in a thin film photovolaic (PV) material which generates the electricity.

The stimulus package expanded tax credits for energy-efficient home improvements that expired in 2007. Home improvements must be made to primary residences beginning in 2009 to qualify for any tax credits.

The stimulus also provides $6 billion in loan guarantees that will help solar energy grow by making more credit available. Solar energy is a low-risk investment, in which the sun produces power, which in turn makes money (or saves it).

You can increase the value of your home, reduce dependance on the electricity grid and save on utility bills all in one go.

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This entry was posted on Wednesday, April 8th, 2009 at 11:14 am and is filed under Solar Roofing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.


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4 Comments so far

  1. Mary Irvine on April 8, 2009 9:35 pm

    I do not understand how the Government will pay us back? My husband is 71 yr., I am 62.
    We are not afraid to try this, but I feel we need some one to walk us through it.

    Sincerely,
    Mary Ann Irvine

  2. Roof Info Staff on April 9, 2009 8:40 am

    Mary,

    You can get a 30% tax credit of the total cost of solar technologies (panels, shingles, water heaters) by using IRS Form 5695.

    Other credits depend on your locale. Visit the DSIRE website which provides a fast and convenient method for accessing information about renewable energy and energy efficiency incentives and regulatory policies administered by federal and state agencies, utilities, and local organizations.

  3. Chris on March 21, 2010 3:57 pm

    I have been in the roofing industry for almost 20 years now, and it’s amazing to see how things have changed.

    Solar powered energy has become a big topic in home remodeling these days because of the tax benefits, and helping the homeowner save electricity.

    As I have seen more and more customers put solar panels on their roofs to help save money, I have seen how beneficial it is for the environment. Great article!

  4. Faith Simmons on May 1, 2010 7:50 am

    I think that the stimulus package have helped a lot in restoring the economy. right now we can see some improvements in the economy.

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