Enacted in 2006, the Solar Investment Tax Credit was one of the most important factors in the growth of solar energy in San Antonio. Across the nation. the U.S. solar industry has grown over 10,000 percent since it’s inception.
Eligibility is based on a “commence construction” standard laid out in the IRS issued guidance.
Taking a good look at the time line of the claimable percentage, you will see that in 2020, the percentage is at 26%, and scheduled to drop to 22% in 2021. Those who decide to wait on their solar project beyond 2021 will risk the government not revitalizing the tax credit, and it will drop to 0% for residential solar projects.