Solar tax savings
Homeowners who opt for solar renovations can claim up to $2,000 in credits each year. Qualifying home improvements that count toward that annual amount include solar water-heating systems, solar equipment that generates photovoltaic electricity for the home and fuel-cell power systems.
The IRS has issued official guidance on the residential tax credits, and official EnergyStar.gov has transferred those details to a helpful chart.
"Buy the right things take the chart to the hardware store to help you find what can give you a tax break."
Also look for credit details on the packaging. Most manufacturers provide energy ratings and many have added labels alerting buyers that the item qualifies for one of the new tax credits.
Don't forget to check on your state's energy tax breaks via the Database of State Incentives for Renewables & Efficiency. Many also offer tax incentives which might be more generous than the federal credits.