Solar Tax Credit: How to plan for 2017-2018
The Solar Investment Tax Credit (ITC), is a federal incentive that can help eligible homeowners and businesses offset their solar panel costs. The solar ITC can be a significant factor in helping consumers determine if and when to go solar. The solar ITC is one of the main reasons people are going solar early, they want to take advantage of the incentives before they no longer can. Being one of the main reasons people are going solar early is to take advantage of the 30% federal tax credit. We will be going over the program as a whole, and some of the misconceptions and difficulties people have along the way. One thing to keep in mind though, everyones tax situation is different, so please, don’t take our information here as word of law. Always… ALWAYS consult your tax or financial advisor to see how going solar will fit into your tax plan. Click the infographic below for a quick introduction to the Solar ITC, view or download the pdf.