Nearly everyone involved in the solar industry expected 2019 to be a great year. It was, and then some. Cutting the Investment Tax Credit (ITC) from 30 percent to 26 percent in 2020 got lots of fence-sitters to decide now was the time to go solar. As a result, nearly every segment of the solar…
Category: Solar Tax Credit
SAVE 30% ON A SOLAR SYSTEM (WHILE YOU STILL CAN)
In 2005, the federal Energy Policy Act created a 30% Investment Tax Credit (ITC) for installing home and commercial solar energy systems. The ITC is more than a tax deduction; as a tax credit, it’s a dollar-for-dollar reduction of the income tax you’d otherwise have to pay. As such, it was like money going right into…