Q. I'm thinking about installing a solar water heater in my home. Can I get a tax break on it?
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.
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Carole Fleck is a senior editor at the AARP Bulletin.
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