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.
  • Systems must be placed in service before December 31, 2021 (30% until 2019, then 26% in 2020 and 22% in 2021).  After 2023, the residential credit will drop to zero.
  • 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.

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.
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