Solar Energy Incentives

The federal solar tax credit also known as the investment tax credit itc allows you to deduct 26 percent of the cost of installing a solar energy system from your federal taxes.

Solar energy incentives. There are no incentives for installing solar available from the state of colorado but depending on your location incentives may be available through your electric utility or your city or county. Dsire is the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the united states. Solar gardens provide a clean energy option for renters and those who are unable to use their rooftops for solar. State university and receives support from energysage.

Yes the residential energy efficient property credit allows for a credit equal to the applicable percent of the cost of qualified property. Qualifying properties are solar electric. Certain pbi programs require that you install equipment manufactured in your state to qualify. The itc applies to both residential and commercial systems and there is no cap on its value.

Established in 1995 dsire is operated by the n c. Some states or utilities offer performance based incentives pbis which pay solar energy system owners a per kilowatt hour credit for the electricity that their systems produce. The residential renewable energy tax credit as the irs calls it can be an attractive way to save on the significant cost of installing solar panels or roofing.