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  • Casual Articles - Will Solar Energy Initiative Affect the Real Estate Market?

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    including the U.S. Department of Energy (DOE), which has been given a mandate to encourage more use of solar heat and electricity in homes and businesses, beginning immediately.

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    In February 2006, President Bush announced what's has come to be called the Solar America Initiative (SAI), designed to promote the widespread use of various solar energy technologies in homes throughout the United States by 2015.

    It's yet to be determined what effect SAI will have on America's sagging real estate market, and that may actually be beside the point in the initial stages of the program. The overall goal of the program is to expand America's electricity options while reducing the country's dependence on foreign oil, which will ultimately improve the country's overall economy and environment.

    U.S. Department of Energy

    The push to incorporate more solar technology into American homes will be coming from many different directions, including the U.S. Department of Energy (DOE), which has been given a mandate to encourage more use of solar heat and electricity in homes and businesses, beginning immediately.

    The

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    hout the United States by 2015.

    It's yet to be determined what effect SAI will have on America's sagging real estate market, and that may actually be beside the point in the initial stages of the program. The overall goal of the program is to expand America's electricity options while reducing the country's dependence on foreign oil, which will ultimately improve the country's overall economy and environment.

    U.S. Department of Energy

    The push to incorporate more solar technology into American homes will be coming from many different directions, including the U.S. Department of Energy (DOE), which has been given a mandate to encourage more use of solar heat and electricity in homes and businesses, beginning immediately.

    Th

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    s of the program. The overall goal of the program is to expand America's electricity options while reducing the country's dependence on foreign oil, which will ultimately improve the country's overall economy and environment.

    U.S. Department of Energy

    The push to incorporate more solar technology into American homes will be coming from many different directions, including the U.S. Department of Energy (DOE), which has been given a mandate to encourage more use of solar heat and electricity in homes and businesses, beginning immediately.

    Th

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    U.S. Department of Energy

    The push to incorporate more solar technology into American homes will be coming from many different directions, including the U.S. Department of Energy (DOE), which has been given a mandate to encourage more use of solar heat and electricity in homes and businesses, beginning immediately.

    Th

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    including the U.S. Department of Energy (DOE), which has been given a mandate to encourage more use of solar heat and electricity in homes and businesses, beginning immediately.

    The Solar Energy Industries Association (SEIA) recently released a document titled "A Guide to Federal Tax Credits for Solar Energy," offering details about a number of federal solar tax incentives that were enacted as part of the Energy Policy Act of 2005. Included in those incentives is a 30 percent tax credit (up to $2,000) for the installation of qualifying photovoltaic or solar water heating systems in the home.

    The same legislation increased the solar tax credit to businesses from 10 to 30 percent, with no cap on the amount of credit that can be claimed, if the systems are installed in 2006 or 2007.

    The goal of the tax incentives is to encourage market growth and improvement in solar technology by increasing the demand and acceptance of the concept. A

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