To help home and business owners offset the costs of solar heating solutions and solar electric solutions, the federal government has enacted a number of federal solar incentives which reimburse purchasers a portion of their investment in solar electric systems and solar water heaters.
Federal Solar Tax Credit:
| Incentive Type: | Federal Income Tax Credit |
| Incentive Amount: | 30% |
| Maximum Incentive: | No Cap On Credit |
| How To Apply: | IRS Tax Deduction Form |
| Applicable Solar Systems: | Solar Hot Water & Solar Electric (PV) |
Additional Federal Solar Incentives Information:
- Database of State Incentives for Renewables and Efficiency
- The Solar Investment Tax Credit Frequently Asked Questions
- National Grid – Solar Thermal Rebate Program
- Federal Incentives for Renewables and Efficiency
- Business Energy Investment Tax Credit (ITC)
- Clean Renewable Energy Bonds (CREBs)
- Modified Accelerated Cost-Recovery System (MACRS) + Bonus Depreciation
- Qualified Energy Conservation Bonds
- Residential Renewable Energy Tax Credit
- U.S. Department of Treasury – Renewable Energy Grants
