Check out our updated Federal Solar Tax Credit guide for 2024, including how much the credit is worth, instructions on how to apply and other solar savings.
This resource provides an overview of the federal investment and production tax credits for solar manufacturers.
This webpage provides an overview of the federal investment and production tax credits for businesses that own solar facilities, including both photovoltaic (PV) and concentrating solar-thermal pow...
When you purchase (not lease) new solar-powered equipment that generates electricity or heats water, or purchase solar power storage equipment, you generally can claim the Residential Clean Energy Credit to lower your tax bill. To qualify, the energy-saving improvements need to be made to your US residence, which can be a house, a mobile home, a cooperative apartment, a condominium, a manufactured home, or houseboat. The credit can apply to a vacation home, but only for the percentage of the tax year that you spend there.Read More
Developed by the U.S. Department of Energy (DOE) Solar Energy Technologies Office (SETO), these guides provide overviews of the federal solar investment tax credit, known as the ITC, for homeowners...
A comprehensive guide to various tax credits, rebates, and incentives for solar batteries on the federal, state, and utility level.
The federal government has incentives for homeowners to switch to solar through the solar investment tax credit (ITC), also known as the federal solar tax credit. This credit now lets homeowners claim 30% of their total solar system installation costs as a deduction on their federal taxes. The ITC will decrease to 26% in 2033 and drop to 22% in 2034. It will end in 2035 unless Congress renews it. The ITC is not a tax deduction. Instead, it reduces what you owe in taxes. This credit applies to the costs associated with installing a solar photovo ...
Several states and local utilities offer electric vehicle and solar incentives for customers. Find state and local-specific incentives available in your area.
Through 2032, federal income tax credits are available to homeowners, that will allow up to $3,200 annually to lower the cost of energy efficient home upgrades by up to 30 percent. In addition to the energy efficiency credits, homeowners can also take advantage of the modified and extended Residential Clean Energy credit, which provides a 30 percent income tax credit for clean energy equipment, such as rooftop solar, wind energy, geothermal heat pumps and battery storage through 2032, stepping d...
Federal Tax Incentives ; As part of its effort to encourage the use and utilization of renewable energy, the federal government provides taxpayers with tax incentives to purchase solar, wind and energy-efficient technologies for residential, commercial and corporate applications. On this page we summarize a few of the more common federal incentives and provide a link at the bottom of this to a database for a complete listing of federal incentives, policies and programs. This 2022 act replaced and improves upon the earlier Residential Renewable ...