In an effort to continue to direct the future of alternative energy and to move our country forward to energy independence, the latest financial bailout bill approved Oct. 3, 2008 not only extended the energy tax credits for eight years but also the 
significantly increased the amount of incentives available! At least one area of the bailout bill that could actually give back money to ‘main street America’. The solar investment tax credit (ITC) provision authorizes $800 million for clean energy bonds for renewable energy generating facilities, including solar.
What better place than Arizona to take advantage of the free and plentiful sunshine!
The energy incentives are:
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$3.00 per installed watt
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25% of installed cost to a max of $1,000 (state tax credit)
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30% of installed cost to a max of $2,000 (federal tax credit)
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Effective January 1, 2009 - 30% of installed cost with NO cap
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Utilities are also offering rebates on top of the tax credits to further encourage solar equipment sales
Check out some of the Arizona incentives:
This positive step toward energy independence should stimulate the expansion of the future of renewable energy . . . . time will tell.
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Good information here, my wife and I have been reading up on solar energy a lot here lately. Take care.