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Solar Tax Credits


Since Obama took office there has been a huge push from the federal government to sponsor energy efficient programs like solar energy. The federal government has created the Solar Investment Tax Credit (ITC) as part of their policy to support the growth of solar energy in the United States. The tax credit has enabled businesses and homeowners to build and purchase solar energy projects with confidence in knowing that the government will provide a credit for solar related products and uses. Here is more information on this great tax credit:

  • Incentive Amount - The solar ITC provides a 30 percent tax credit for solar systems on residential (Section 25D) and commercial (Section 48) properties.
  • Growth on Solar - This tax credit has help solar grow as a renewable fuel option for homeowners by 76% annual compound growth since 2006.
  • Credit Expiration - Under current federal law, the tax credit will remain in effect through December 31, 2016, with the likely possibility of an extension.
  • State Credits - A majority of states offer their own tax credits in addition to the federal 30% credit. You can view detailed state level tax credit on solar by visiting the link below.

You can learn more about the federal tax credit at http://www.seia.org/policy/finance-tax/solar-investment-tax-credit and state tax credits at http://www.seia.org/policy/state-solar-policy.

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