What Is the Solar Panel Federal Tax Credit? First, let’s take a short walk down memory lane. The Solar Investment Tax Credit (commonly called the ITC) was first offered via the Energy Policy Act of 2005. Thanks to its popularity and its contribution toward renewable energy goals, the ITC has been extended multiple times. While … Continued
The federal tax credit is a major incentive for going solar. If you build your solar system before Jan. 1, 2020, you’re eligible to claim 30% of your total project costs as a credit toward your federal taxes. The credit offsets any taxes you may owe, and rolls over for up to 5 years if … Continued
It’s no secret that leaders in energy production are working hard to ensure the viability of renewable energy sources. A large factor in determining renewable energy viability is the economics of it. Only when renewable energy becomes economically viable will it be able to supply larger quantities of clean energy on a greater scale. Though … Continued