What is the solar tax credit?
The federal solar tax credit, also known as the investment tax credit (ITC), allows solar customers to deduct 30% of the cost of installing a solar energy system from their federal taxes. Although the equipment Energy Conservation Solutions installs qualifies for the tax credit, every homeowners’ personal tax situation is different. Energy Conservation Solutions does not employ tax advisors or provide tax advice. ECS advises ALL customers to check with their tax accountant to see if each personal tax situation qualifies for the 30% federal solar tax credit (ITC).
Do I qualify for the solar panel tax credit?*
As long as you own your solar energy system, you are eligible for the solar tax credit. Even if you don’t have enough tax liability to claim the entire credit in one year, you can “roll over” the remaining credits into future years for as long as the tax credit is in effect. Use this tax credit to pay down your solar loan balance, buy a car, save for college… the options are endless!