Solar Tax Credits

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What is the Solar Tax Credit?

Also known as the Investment Tax Credit (ITC), the Federal Solar Tax Credit allows a homeowner to take a 30 percent, dollar for dollar, value of their total solar installation costs from their taxes. As the end of the year approaches, this is a huge benefit provided to those looking to install a solar systems and the Federal Solar Tax Credit applies to commercial buildings too.

 

Is there a Cap on the Solar Tax Credit value?

No. Homeowners and commercial buildings qualify for a full 30 percent, dollar for dollar, value tax credit off the total cost of the solar job. 

 

Do I Qualify for the Solar Tax Credit?

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If you own your home and the solar project is installed before December 31st, 2017, you are eligible for the full 30% Federal Tax Credit for 2017. Some additional great news for consumers is that if you don’t have enough tax liability to claim the entire Solar Tax Credit in one year, you are able to roll any remaining credits into future years to help offset future taxes.

 

How Do I Claim the Solar Tax Credit?

It's simple, when you’re filing your 2017 Federal Taxes, let your accountant know that you’ve gone solar this year. If you file your own taxes, there is a very simple form to fill out that we provide at the end of the year.