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There was huge news today in the US solar industry:
Congress passed legislation that extends the 26% Federal Investment Tax Credit (ITC) for solar through the end of 2022.
As part of the very welcome stimulus bill to help Americans weather the COVID-19 crisis, the federal solar tax credit will remain at 26% for residential installations in 2021 and 2022. In 2023, the tax credit will drop to 22%. This is an excellent development for the solar industry, as the federal tax credit has been one of the biggest drivers of solar growth in the United States for over a … Read More
Deciding to install solar panels on your property is likely to be a major financial decision. Along with the substantial long-term financial benefit of getting your power from the sun for free, there is the upfront cost of the solar photovoltaic (PV) system to consider. Customers are keen to know what solar incentives are available to them as they decide how large a PV system to install on their roof.
Federal Investment Tax Credit
The most important and impactful financial incentive for solar is the federal Investment Tax Credit (ITC). The ITC is a dollar-for-dollar tax credit that homeowners apply … Read More
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