Alert
Close

Think you know AARP? What you don't know about us may surprise you. Discover all the 'Real Possibilities'

Highlights

Open

Contests and
Sweeps

Dream Vacation Sweepstakes

10 weeks. 10 amazing trips. Seize your chance to win!
See official rules. 

Driver Safety

Piggy bank on the road - AARP Driver Safety

Take the new AARP Smart Driver Course!

PROGRAMS

AARP Foundation Tax-Aide

You can get free, face-to-face tax assistance nationwide.

Money Matters Tip Sheets

Download and print out these PDFs to help with your financial matters.

AARP Books

Visit the Money Section

Enjoy titles on retirement, Social Security, and becoming debt-free.

webinars

Learn From the Experts

Sign up now for an upcoming Money webinar or find materials from a past session. 

Jobs You Might Like

most popular
articles

Viewed

Ask the Experts

Do Solar Water Heaters Get Tax Breaks?

Qualifying systems will bring a 30 percent credit, with no cap on the amount

Q. I'm thinking about installing a solar water heater in my home. Can I get a tax break on it?

New tax breaks for installing solar water heaters

Improve your home's efficiency with a solar water heater and get a tax credit. — Photo by: Getty Images

A. Yes, you can. If you install solar energy systems such as water heaters and solar electric systems, or geothermal heat pumps or wind turbines, you can get a tax credit of 30 percent of the total cost (including labor). The systems must go into service before Dec. 31, 2016.

A previous cap on the dollar amount of the credit no longer applies. For more information, see this U.S. Department of Energy fact sheet.

You may also like: Cut your utility costs. >>

Carole Fleck is a senior editor at the AARP Bulletin.

Topic Alerts

You can get weekly email alerts on the topics below. Just click “Follow.”

Manage Alerts

Processing

Please wait...

progress bar, please wait

Tell Us WhatYou Think

Please leave your comment below.

your money

Discounts & Benefits

Explore Your Learning Possiblities