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Federal and State Rebates 40%+ of the fully installed cost could be paid for by federal and state incentive programs. Federal Incentive The Federal incentive is a 30% tax credit (this credit reduces your annual IRS payment by this amount); if your IRS payment due is less than this amount or if you are subject to the Alternative Minimum Tax (AMT), then the subsequent amount of the credit can be carried forward. (Ex; if one owes the IRS $10,000 with a solar Federal Tax credit of $9,000, then one now owes the IRS $ 1,000; if one owes the IRS $5,000 then one is allowed to carry forward $4,000 into future taxable years.) The applicable IRS form is IRS 5695 for the appropriate year. Please check with your accountant for additional detailed information. California
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