The investment tax credit (ITC), also known as the federal solar tax credit, Lets you deduct up to 26 percent of the cost of installing any of our portable or house kits. Taking advantage of the federal tax credit can mean thousands of dollars in savings for you and your family. The ITC can be applied to both residential and commercial systems, and there is no cap on its value.

How to Take Advantage of this:

A tax credit is a dollar-for-dollar reduction in the amount of income tax you would otherwise owe to the IRS. For example, claiming a $1,000 federal tax credit reduces your federal income taxes due by $1,000.

The federal residential solar energy credit is a tax credit that can be claimed on your federal income taxes for a percentage of the cost of your solar system. Any US taxpayer, who starts installation of a solar system before January 1, 2023 is eligible to receive the full 26% solar ITC. That amount will phase down to 22% on January 1, 2023. Any project that is placed in service after December 31, 2025 will automatically qualify for a 10% ITC.

You can apply those remaining credits in future years as long as the tax credit is in effect. Other Solar companies you might have you sign a lease or PPA with a solar installer, making you not the owner of the system, and therefore making it so that you cannot receive the tax credit.

Many States and Power companies offer additional incentives which you can often find though your State's and Power company's website

***The Information pertaining to the solar tax credits is for educational purposes only and not legal advice, please consult a Tax Professional for additional information***