• YES!  Both the Purchase Price AND Installation Cost of a solar attic fan qualify for a 30% federal tax credit.
• The credit applies to equipment placed in service between January 1, 2009 and December 31, 2016. IRS Form # 5695 (Download pdf here) is needed to apply for this credit. Enter the installed cost on line 1 of the form.

           Does a solar attic fan qualify for a state tax credit?

• ANSWER: State tax incentives vary from state to state. Please check http://www.dsireusa.org/ to see if your state offers an incentive.

• An Important Distinction
  There is an important difference between a tax deduction and a tax credit. A tax deduction is subtracted from income before total tax liability is computed. On the other hand, a tax credit is subtracted directly from the total tax liability. This means that a deduction and a credit have very different values, with a credit being 3 or more times more advantageous to the taxpayer than a deduction. For example, a tax credit of $1,000 for someone in the 28% tax bracket is equivalent to a tax deduction of $3,571.

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