The Civil War forced it back into the Union, where it has stayed ever since. The various flags that have flown over Texasâthose of Spain, France, Mexico, the Republic of Texas, the United States and the Confederacyâinspired the name of the Six Flags amusement park chain, which originated in Texas in 1961.
Federal Tax Credits. According to the U.S. Department of Energy, homeowners can receive a federal tax credit for certain solar panel systems installed through the end of 2016. The tax credit equals 30 percent of the cost of purchase and installation with no limit.nstall solar panels on your home and you can harvest heat from the sun to create energy. You can also reduce your energy consumption, lower your utility bills and get a tax credit through 2016.
There is no maximum on the amount of credit you can claim. Essentially, the credit works like this. If you spend $10,000 dollars to buy and install solar panels on your roof, your credit will equal $3,000 dollars.If at the end of the year, you owe $5,000 dollars in taxes, the tax credit reduces your tax liability to $2,000 dollars.If you haven't purchased the solar powered equipment yet, don't worry.f you spend $10,000 dollars to buy and install solar panels on your roof, your credit will equal $3,000 dollars. If at the end of the year, you owe $5,000 dollars in taxes, the tax credit reduces your tax liability to $2,000 dollars. If you haven't purchased the solar powered equipment yet, don't worry.