Everything you could want to know about solar tax incentives can be found here!
The big IRS tax credit for solar.
The investment tax credit (ITC) is the USA federal solar tax credit for installing solar and it originally allowed you to deduct 30% of the cost of installing solar power from your IRS tax bill. It applies to both residential and commercial solar and has no limit. It can save the average homeowner anywhere from $3,000 to $10,000 on their solar panel installation.
The price of installing solar is falling across the country, which makes financing solar with a loan from your local bank or credit union easier than ever. Get a free quote from Big Red Solar now.
The ITC was first created by the Energy Policy Act of 2005 and was going to expire at the end of 2007, just two years later. Now it is more than a decade later and has been renewed over and over again in the United States by congress. The tax credit is currently available through 2021. The tax credit reduces your overall solar installation cost, making it easier to get a solar panel loan.