Solar Energy SystemsOFF-GRID SOLAR SYSTEMS
|
SOlar Tax CreditsSOLAR INVESTMENT TAX CREDIT (ITC)
The Solar Investment Tax Credit of 26% has been extended in 2021 and 2022. The Federal tax credit will continue to be 26% in 2021 and 26% in 2022. In 2023 it will be reduced to 22% and in 2024 there will be no Federal tax credit for residential systems. A 10% tax credit on commercial systems will remain indefinitely. TAX CREDITS ON BATTERIES As long as batteries are charged by solar, the photovoltaic tax credits can be applied to batter purchases. |
|