One other interesting observation of the SECURE act is that there is a restored credit for energy efficient equipment installed in personal residences. So if you are thinking about SOLAR installations, and payback, this year may get a better ROI or shorter payback period
2019 & 2020 Energy Tax Credits
There are significant “Renewable Energy Tax Credits” for up to 30% of the costs of major energy installations. These credits are unlimited, and include labor on installation for the following:
solar water heaters
solar panels
geothermal heat pumps
small wind turbines
fuel cells
The 30% credits decline through 2021, and are as follows:
2019: 30%
2020: 26%
2021: 22%
The installations must be installed in a home you own and use as a residence (no rentals, but second homes qualify).
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