The Renewable Energy Tax Credit provides tax credits to offset the costs of purchasing solar systems for your home or business. Specific incentives include: •A 30% tax credit for photovoltaic (solar electric) and solar thermal systems (solar water heating), concentrated solar power and solar hybrid lighting.
A Tax Credit is not to be confused with a tax deduction, credits are a direct credit against taxes owed.
What is the Solar Investment Tax Credit?
In the U.S. tax code, the ITC is a 30 percent tax credit for solar systems on residential (under Section 25D) and commercial (under Section 48) properties. Under current law, the ITC will remain in effect through December 31, 2016. It is incumbent on every member of the U.S. solar industry to be mindful of applicable laws and remain fully compliant with all statutory and regulatory requirements of the ITC and related programs. For more information on the Section 48 credit, please review this factsheet on Cost Basis for the ITC and 1603 Applications.
News 
Market Data 
Discover 
AI
