Federal Income Tax Credits/ Investment Tax Credit (ITC)
It is common to hear people in the solar industry mention the ITC….so what is it? The 26% Federal Income Tax Credit effectively reduces the out-of-pocket cost of solar by 26%, after deducting any state/local incentives. This credit is a dollar-for-dollar reduction in federal income taxes paid to the IRS. There is no limit on this tax credit.
This is such a great incentive to Go Solar!
If you would like more information on the ITC, go to www.altewindandsolar.com/investmenttaxcredit
Man, it sure does feel good to do the right thing!