Nebraska Energy Office:
Iowa Office of Energy Independence:
IRS guidlines change slightly from year to year, so reviewing the current is very important. Go to www.irs.gov and search on “Solar tax credit”.
The form for the tax credit is 5695:
Publication 4845 is an overview of solar credits:
Additional information is summarized at the DSIRE website:
Build it yourself and informational links:
Nebraskans for Solar
Nebraska Solar Energy Society
Build it Solar.com
Mother Earth News
Energy Efficiency and Renewable Energy Clearinghouse
California Energy Commission
Metro Cummunity College Solar Lab – Council Bluffs, IA
This lab was designed by Solar Heat and Electric for teaching purposes.
Another 3KW hybrid system was installed at the Fort Omaha Campus using monosilicon and poly modules. These modules were designed to be interchangeable with the off-grid inverter and the grid-tie inverter.
The greatest financial incentive for Nebraska and Iowa residents intrested in solar, wind and other renewable energy is the Federal tax credit. Although the 30% Federal tax credit is the largest incentive, there are additional incentives in both states for energy efficiency and low interest loans
(see www.dsireusa.org for more details).
The Federal solar tax credit is due to expire December 31, 2016. Systems need to be operational by that date to be eligible. Consulting your tax advisor is highly recommended because information provided here may not be applicable to your situation.
Residention and commercial properties are eligible for a 300% tax credit with no cap, meaning no upper limit to equipment and installation.
For example, a solar system costing $5000 would have a $1500 tax credit for a net cost of $3500 (if the full credit was utilized). There are additional credits for commercial properties.
The tax credit can be carried forward one year for personal use. If you can not use the full credit in one year, you can carry the balance over and use it in the following year. Commercial tax credit can be carried forward and backward.