Why the Solar Community Cares About the Inflation Reduction Act In the first quarter of 2022, the solar industry experienced its largest growth in the residential sector, adding 1.2 GWdc to the power grid, though other segments were strained due to supply chain issues. Solar installations made up approximately half of all added capacity in … Continued
The tax credit is a major incentive that puts money back in your pocket when you file your taxes. If you install the system before the end of the year, you should be eligible to claim the full credit. In the current situation where supply chain disruptions are increasing the cost and lead times for … Continued
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