Federal Tax Credit for Solar Installations
The Federal Tax Credit for Solar Photovoltaics, also known as the Investment Tax Credit (ITC),can be claimed on federal income taxes for a percentage of the cost of a solar photovoltaic (PV) system.
In August of 2022, the ITC increased in amount and its timeline has been extended. Those who install a PV system between 2022 and 2025 will receive a 30% tax credit.
Information courtesy of energy.gov, from the Office of Energy Efficiency & Renewable Energy
In August of 2022, the ITC increased in amount and its timeline has been extended. Those who install a PV system between 2022 and 2025 will receive a 30% tax credit.
Information courtesy of energy.gov, from the Office of Energy Efficiency & Renewable Energy
- Consult your tax adviser to make sure you qualify
- Restrictions apply, subject to change without notice