In our last blog post Solatube New Product Rollouts for 2016!, you learned about the new products from Solatube, including the new ISn Solatube Daylighting System with a nightlight. The coolest thing about this new line of Solatube systems is that the solar-powered nightlight allows the product to qualify for the 30% federal tax credit. Our solar-powered attic fans have qualified for this 30% credit for several years, so the addition of Solatube tubular skylights has sweetened the deal for our customers even more. The tax credit covers the cost of the product AND the cost of installation. To claim this credit on your 2016 taxes, you will need to purchase your Solatube product by December 31, 2016.
So, you may be wondering, which products qualify for the credit and how do I claim the credit on my taxes?
First, the five products that qualify for the 30% tax credit are as follows:
- Solatube 160 ISn Daylighting System with Solar Electric Nightlight
- Solatube 290 ISn Daylighting System with Solar Electric Nightlight
- RM1200 Solar Star Attic Roof Mount Fan
- RM1600 Solar Star Attic Roof Mount Fan
- Solar Star Conversion Kit
Second, in order to take advantage of the 30% tax credit, you will need the following:
- To have purchased your qualifying product during the tax year you are filing for.
- The product must have been installed per the manufacturer’s instructions and meet all applicable fire and electrical code requirements (this is easy if Sola Solutions has installed your product for you!)
- You may or may not be required to include the Manufacturer’s Certification documents (available here) with your tax return.
- Please check with your CPA for clarification in procedure and your actual tax savings.*
Customers now have the opportunity to bundle Solatube Daylighting Systems with Solar Star Attic Fans for mega savings! There has never been a better time to purchase a Solatube with the fresh look of the new square and decorative fixtures, the innovative design of the solar electric nightlight and tremendous savings with the 30% Federal Tax Credit. Call Sola Solutions today to schedule your free consultation 405-703-0480!
*Solatube International makes no warranty as to the qualification of the products for federal tax credits if there are changes in requirements or applicable law after such date. Solatube International, Inc. is not a tax advisor. Taxpayers claiming a tax credit should consult a tax professional with any questions. Solatube International is not responsible or liable for the taxpayer’s ability to receive tax credits. This document is not intended to constitute legal or tax advice. More comprehensive information will be made available by the IRS.