Federal tax credits
  • 30% TAX CREDIT
  • No cap
  • Roll over credit from year to year

History of tax credit: The Energy Policy Act of 2005 created a new commercial and residential investment tax credit (ITC) for solar energy systems, originally it applied from 2006-2007. Luckily, legislators saw the benefits of this tax credit and extended for eight more years. In addition to the extension they modified the bill to be more valuable for home and business owners by removing the cap and adding three year accelerated depreciation for commercial solar projects.

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