Investment Tax Credit

The solar panel tax credit makes going solar even more affordable.  This is a Federal tax credit which allows a homeowner to deduct 30% of the cost of installing the system.  It is also known as the Investment tax credit (ITC).  There is no cap on the value.  Thanks to the spending bill that Congress passed in December 2015, the tax credit is still available to homeowners in some form through 2021. This tax credit remains at 30% of the cost of the system. This means that in 2017, you can still get a major discounted price for your home solar panel system.

In the past previous years, homeowners could not claim the tax credit until their system was up and running.  The legislation now allows homeowners to claim the system as soon as installation starts.  The system just needs to be operational by December 31st.  This means that we would need you to be scheduled for installation by December 1st 2017.

If you are in a position where you do not have a federal income tax liability then you will not be able to take advantage of the 30% federal solar tax credit.  If you sign a lease or PPA with any solar company, you’re not the owner of the system and unfortunately you would not be eligible to take advantage of the tax credit.