Spring Cleaning?

Think green when tackling your spring cleaning this year — consider opting for recycled papers and green cleaning supplies. Stay away from cleaners containing phosphates; the toxins are extremely harmful to the environment, as well as cleaners containing bleach or chlorine, which tend to be harmful for similar reasons. Vegetable-based cleaners have become increasingly popular and available broadly in most stores. You can also use vinegar as a completely natural way to clean almost anything.  Happy cleaning!

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It’s Tax Time! Got solar?

Federal and state tax credits provide a major incentive to go solar.  Below you will find a summary of each credit and the appropriate forms to use when preparing your tax filing:

Residential

Homeowners are eligible for the Federal Income Tax Credit, a 30% tax credit applied to the system cost after rebates.
Click Here to Access the Federal Income Tax Credit Form for Homeowners

Commercial

Businesses are eligible for the Federal Investment Tax Credit, a 30% income tax credit on the gross system cost.  Please note that income tax must be paid on the rebate.
Click Here to Access the Federal Investment Tax Credit Form for Commercial Businesses

Systems commissioned or started in 2011 may be eligible for a grant in lieu of tax credits.  This program ended as of December 31st, 2011.  
Click Here to Learn More about the 1603 Grant Program

Accelerated Depreciation:  Solar energy systems are usually eligible for 5 year MACRS.  Projects completed in 2011 may be eligible for 100% bonus deprecation.  2012 projects are eligible for 50%.  Please see the instruction form below and contact your tax adviser for further assistance.
Commercial Depreciation Instruction Form

IMPORTANT NOTICE: EcoMatters is not a tax adviser.  Please consult with your tax adviser for official tax advice.