The sooner you go solar the sooner you save. We all know that. But to save an additional 4% on the Federal Tax Credit your system needs to be installed by December 31, 2020. Consider this a friendly reminder as there is still time and availability to get your installation scheduled, but since the dreaded 2020 is more than half over we need to get your system on the books, soon.
From FAQ’s
What is the 30% Federal Investment Tax Credit (ITC)?
The federal residential solar energy credit is a tax credit that can be claimed on federal income taxes for a percentage of the cost of a solar photovoltaic (PV) system. The solar system must be installed before December 31, 2019, to claim a 30% credit. It will decrease to 26% for systems installed in 2020 and to 22% for systems installed in 2021. The tax credit expires starting in 2022 unless Congress renews it. There is no maximum amount that can be claimed.
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