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Old 26-08-2010, 12:17   #1
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Can I Get a Tax Credit for Solar on My Boat ?

Just curious here and have honestly have not read the fine print but can anyone comment on this? I am looking to put a 540 watt system on my boat and when I include the price of an MPPT controller Im guestimating the components will cost about $2500, plus wire, plus mounts, plus labor, plus beer for the guy providing the labor, plus advil for the lower back of the guy who is providing the labor...
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Old 26-08-2010, 13:01   #2
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I did. You basically get 30% tax credit.

Earth Day: Solar Panel Installation Tax Credit | Personal Finance Corner

Don't listen to the whole "it has to be grid mounted" thing; that's state by state. The federal regulation didn't stipulate anything about grid mounting. You can also get tax credits for caulking and insulation, which happily I do a ton of on a (mostly) wooden boat.
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Old 26-08-2010, 15:12   #3
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Oohh.. I like that rebate part. I'm about to drop the credit card for a couple panels, an MPPT controller, and mounting hardware. Thanks!
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Old 27-08-2010, 07:06   #4
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Note that this credit is defined as a "Residential Renewable Energy Tax Credit." If your boat does not qualify as a "residence" under the tax laws (sleeping, cooking, and toilet facilities) then I would assume the IRS would disallow the credit.

(Note that this tax advice--like all such advice that you get on the internet--is worth exactly what you have paid for it.)
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Old 27-08-2010, 07:55   #5
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Thansk Folks. Captn D what sort of system are you setting up? I am hoping to put together (4) Kyocera 135 watt panels, wired in series, to a xantrex or outback mppt controller to the batteries. Was guessing I was looking at about 2500 for the panels and controller.
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