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.
The Federal Income Tax Credit is valued at 30 percent of your total solar system cost. 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. This incentive reduces from 30 percent to 26 percent in 2020 and 22 percent in 2021.
In addition to the Federal Income Tax Credit, Washington and Oregon have local 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.