The Energy Policy Act of 2005 (EPAct) has provided a financial boost to photovoltaic (PV) system purchasers by implementing a new 30% residential tax credit, and increasing the existing 10% commercial tax credit to 30%. The economic value of these new and expanded federal credits to system purchasers, however, is not at all straightforward, and depends on a variety of factors, according to a new report released by the Lawrence Berkeley National Laboratory, in conjunction with the Clean Energy States Alliance (CESA).Determinants of the value of EPAct's PV tax credits include whether the system is for residential or commercial use (the residential credit is capped at $2000), the size of the system (particularly for residential systems, due to the $2000 cap), and the tax status of the system owner (tax-exempt owners cannot benefit from tax credits).
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