Solar Investment Tax Credit (ITC)
Established in 2006, the Solar Investment Tax Credit, or ITC for short, initially started at 30% for residential solar projects. But over the years, has slowly dropped in percentage to 26% for 2020. In 2021 it is slated to drop to 22%, followed by 10% in 2022 and completely disappear for residential solar in 2023. Commercial solar projects will stop dropping in 2023, and stay at a permanent 10% tax credit. Time is of the essence if you want to save the most money possible.
How can you make the most of your Solar Tax Credit? Talk to one of our highly qualified Solar Consultants and they will walk you through the steps from planning to conception of your new solar energy system.