Solar Tax Credits & Incentives: Are You Eligible?

Discover the range of federal, state, and local incentives available for solar installations.

Installing a solar system comes with a variety of potential tax credits and incentives. Learn about the key incentives and how they may impact the cost of your solar system.

Federal Solar Investment Tax Credit (ITC)

The federal ITC provides a tax credit of 26% of the cost of a solar system installed on a home or business. This credit is available through the end of 2022, after which it will gradually decrease over the following years.

State and Local Rebates

Many states and local municipalities offer rebates and incentives for solar installations. Availability and amounts can vary widely depending on your location.

Net Metering

Net metering allows homeowners and businesses to receive credits on their utility bills for excess solar energy that they generate and send back to the grid, providing significant savings over time.

Property Tax Exemptions

Some states offer property tax exemptions for solar installations, reducing the overall cost of the solar system and making it more affordable.

Sales Tax Exemptions

Certain states offer sales tax exemptions for solar installations, helping to reduce the upfront cost of the solar system.

Conclusion

The availability and amount of tax credits and incentives for solar installations vary depending on your location and solar system details. Consult with a reputable solar provider or tax professional to determine your eligibility for these incentives and how they may affect your solar system's overall cost.

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