Federal Solar Income Tax Credit (ITC)
How much can I save with the federal solar tax credit?
- Eligible businesses can receive incentives including Federal tax credits as well as MACRS depreciation that can reduce your total solar project cost by over 50%!
What is the Solar Tax Credit (ITC)?
The federal solar tax credit, officially known as the Investment Tax Credit (ITC), allows Businesses to deduct a percentage of their solar installation costs from their federal taxes. This credit remains at 30% of the total system cost until mid 2026. This significant savings reduces the upfront cost of solar and increases the overall return on investment. Even if you don’t use the full credit in one year, it rolls over to future years!
Radiant Power Solutions 