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Product Type - Solar Water Heating
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Federal Tax Credit Specification
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Montana Tax Credit Specification
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At least half of the energy generated by the “qualifying property” must come from the sun. Homeowners may only claim spending on the solar water heating system property, not the entire water heating system of the household.
The credit is not available for expenses for swimming pools or hot tubs.
The water must be used in the dwelling.
The system must be certified by the Solar Rating and Certification Corporation (SRCC).
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Montana has no minimum solar energy system standards.
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Federal Tax Credit
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Montana Tax Credit
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30% of cost
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Cost up to $500 per taxpayer*
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Federal Notes
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Montana Notes
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Must be placed in service** before December 31, 2016.
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The solar energy system must be installed in the taxpayer’s principal residence.
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* The alternative energy credits are allowed only for initial installations. No credit is allowed for repair, maintenance, or upgrades.
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** The IRS defines “placed in service” as when the property is ready and available for use. |