Rebates and Incentives

Solar Electric Federal Tax Credits, or Solar Investment Tax Credit (ITC)

  • A tax credit is a dollar-for-dollar reduction in the income taxes that a person or company claiming the credit would otherwise pay the federal government.
  • There is currently a 30% federal tax credit for systems.
  • A taxpayer may claim a credit of 30% of qualified expenditures for a system that serves a dwelling unit located in the United States that is owned and used as a residence by the taxpayer.
  • There is no maximum credit for systems placed in service after 2008.
  • Always check with your tax professional.

Solar Hot Water System Federal Tax Credits

  • The Solar Rating Certification Corporation (SRCC) or a comparable entity endorsed by the government of the state in which the property is installed must certify equipment for performance.
  • At least half the energy used to heat the dwelling’s water must be from solar in order for the solar water-heating property expenditures to be eligible.
  • The home served by the system does not have to be the taxpayer’s principal residence.

Estimate Your Solar Power System

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