Solar Tax Incentives and Rebates
Most people are aware that solar will ultimately save them money, but some also believe that solar has a large upfront cost, which isn’t true! With financing and leasing programs available, homeowners can now go solar for $0 upfront and start saving immediately. Whether you choose to own or lease your system, there are several incentives that lower the cost to pennies on the dollar.
Federal Investment Tax Credit
The federal government offers a tax credit that covers 26% of the cost of your solar energy system. This isn’t a write-off or a deduction, but an actual dollar for dollar credit against your income taxes. You can claim all of this in one year and will come back to you in the form of a larger income tax return. It is a very simple form that you or your tax preparer can file called Form 5695.