Federal Tax Credit: -Has been extended till 2016 and the new FTC will take effect January 1,
-For homes and commercial businesses it covers solar hot water, and solar
electric. Does not cover solar pool heaters.
-For both residential and commercial you get 30% back with NO cap!
State Tax Credit (residential and apartment complexes): -Enacted on January 1, 2008 with no expiration date!
-For residential systems and residential complexes, i.e. apartment buildings
-Covers solar hot water, solar electric, solar pool heaters, and wind
-You get a refund of 50% from the state with a cap of $25,000 per system.
So the max you can receive back from the state is $12,500. You can put as
many systems on one home until 100% of your home's energy comes from solar, and
still receive the state tax credit on each system.