To receive a government grant for solar power, purchase and install a solar power system, and apply for tax credits by filling IRS Form 5695 and submitting it with other income taxes, states the Go Green Academy. Save your manufacturer’s certification statement and receipts of purchase to prove eligibility.Continue Reading
The federal government issues grants for solar power in the form of tax credits, according to the Go Green Academy. The current grant program, which began in 2006 and expires in 2016, gives homeowners who install solar systems 30 percent of the costs they incurred in the installation process. To receive the grant, you must purchase and install a new solar power system that meets at least 50 percent of the energy needs of your home. People who meet these requirements, request grants by including a filled Form 5695 in their income tax reports.
The installer of the solar system must be a home or condo owner because the government does not issue grants to renters, reports the Go Green Academy. Individuals building new homes can get more than 30 percent of the costs of solar power systems in tax credits. You can also apply for state and local solar power grants by visiting the Database of State Incentives for Renewables & Efficiency and searching for incentives near you, according to the official website of the Database.Learn more about Heating & Cooling