What? Clean air, reduced dependence on fossil fuels, saving money over time, avoiding rising energy costs, and becoming part of the green movement isn’t enough?
You need more? Well, okay. We’re not opposed to getting extra benefits for going solar either.
The Federal Income Tax Credit is valued at 30 percent of your total solar system cost. A tax credit is a dollar-for-dollar reduction of the income tax you owe. If you can’t use the full value in one year, you can roll over the remainder to next year.
You should check with a tax adviser to make sure you can claim the entire value. This incentive reduces from 30% to 26% in 2020 and 22% in 2021.
In addition to the Federal Income Tax Credit, many states have solar incentive programs. Click below to learn more about your state’s programs or call us at (206) 707-9937 or (503) 420-8680 and we’ll be happy to explain them to you over the phone.
Our team maintains a list of active grant programs that may be able to help your nonprofit organization or small business go solar. For more information, visit our grants page.
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