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Consumer Reports: How to Find the Best Deals on Solar Panels — 3 Comments

  1. One extremely important caveat about the ‘big brother’ government’s ‘generous tax credits.’

    BE VERY CAREFUL.

    Read very carefully what is credited and what is not.

    Don’t take a news article’s word for it. Never take a sales rep’s word for it. Do your due diligence and read the applicable statute for yourself.

    Most credits are almost exclusively for the people that are happy in the grossly overpriced generic home ownership ripoff scam that encompasses that vast majority of the US. If buy all the components commercially, and hire someone to do the work, have them installed on a code approved home, complete with a rubber stamp by a building inspector, then Big Brother will deem you worthy of getting a small portion of your own money back in the form of a tax break.

    If you are an owner builder, living in an area with few or no building codes, and scant inspections, you may find yourself with a much lower tax credit than you expected, or possibly no tax credit at all.

    This may or may not be the case for every owner-builder. It may be a great deal for some owner-builders. Just don’t get caught by the government/corporate scam that is targeted for the typical gullible generic mortgage laden govt approved home owner.

    It’s not fair that the rules and incentives apply unequally when it comes to owner-builders, but I don’t make the rules. I’m just offering a warning. Don’t get caught out with a big tax bill at the end of the year that you cannot afford because your solar tax credit was only partially approved or not approved at all, or… that you discover that you have to file a more complicated tax return than you usually do, and need to pay a tax expert for assistance in filing, killing a large portion of your expected savings.

    Use the tax credit if you can, but don’t assume you’ll get it without reading all the fine print.

    BTW… Solar is awesome. Do it if you can and it makes financial sense for your situation. Just be smart about it.

  2. This story is in response to a reader request on our poll. Look in the upper right side of the page and take our poll if you haven’t already.

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