As solar PV systems become more widely adopted for homes and businesses, incentive programs are evolving and constantly shifting. As we talk about your goals for adopting solar, we’ll let you know what incentives might be available and how to qualify for them.
Update! Congress extended the federal solar tax credit (known as the ITC) for an additional two years. This means that you’ll receive a tax credit of 26% of your system’s cost in 2021 and 2022 and 22% in 2023. A tax credit is a dollar-for-dollar reduction of the income tax you owe. If you can’t use the full value in one year, you can roll over the remainder to next year. You should check with a tax adviser to make sure you can claim the entire value.
The extension of the ITC demonstrates how committed the federal government is to growing solar across the country. Solar is here to stay.
In addition to the Federal Income Tax Credit, local jurisdictions may have solar incentive programs. Click below to learn more about your state’s programs or call us at (206) 707-9937 or (503) 420-8680, and we’ll be happy to provide you with the latest information.
Our team maintains a list of active grant programs that may be able to help your nonprofit organization or small business go solar. For more information, visit our grants page.
I want to thank you and A&R Solar to helping us achieve our goal of producing electricity on our own. This has been an idea of mine since I was a child. The dream was that we can help save our environment, lower our carbon footprint, and still produce renewable energy has become a reality.