|All VELUX solar collectors have been certified by the SRCC (Solar Rating and Certification Corporation). This means that VELUX solar collectors and solar water heating systems may qualify you for State and Federal Tax credits and incentives.
The American Recovery and Reinvestment Act of 2009 (ARRA) extended the 30% federal tax credit for the purchase and installation of residential solar water heating systems through the year 2016. In addition, the ARRA also removed the $2,000 benefit cap that was in affect prior to 2009.
30% federal tax credit
Two very important laws have gone into effect this past year that have an impact on VELUX products. On October 3, 2008, George W. Bush signed the Emergency Stabilization Act of 2009 that extended the federal income tax credit available for solar-powered energy systems and solar water heating systems. In addition, it expanded the qualifying product requirements. On February 17, 2009, President Barack Obama signed into law the American Recovery and Reinvestment Act of 2009 (ARRA), which removed a $2,000 cap on the tax credit for solar products. The net affect of these two bills is a 30-percent tax credit on the purchase and installation of residential solar water heating, photovoltaic equipment, and fuel cell property, with no cap on the amount of the credit. The tax credit applies to all qualifying property installed and placed in service, on or between January 1, 2009 and December 31, 2016.
Under these new laws, the VELUX solar blinds qualify as "photovoltaic property" and all VELUX solar collectors and water heating systems qualifies as "solar water heating property".
To qualify for the credit the customer will need their receipt of the cost of the product including installation, the date is was placed in service, and the manufacturers certification statement which is available below. The tax credit is a direct debit of a taxpayers total tax liability.