Tax Credits are great things. With deductions, you get to take an amount off of your income, and so your tax will be lowered because your income is less. However, tax credits are treated like money sliced off of the top of your tax bill. A tax credit can even give you a refund over the amount you actually paid in! In other words, a $500 tax credit is usually better than a $500 tax deduction.

How To Get Tax Credits For Solar Energy Home Products

Ok, so we love tax credits. According to the US governments Energy Star Website, we can earn tax credits for energy efficiency. For Energy Star Approved solar energy devices in your home, you can usually get a tax credit of ten percent of the price, up to a specified limit. A solar heating system, for your home, earns you 30% of your purchase price, up to $2000! Imagine, install a system that gives you virtually free energy, and get money to pay your taxes with.

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