Wednesday, February 24, 2016

30% Federal Tax Credit Extended for Solar Installations



I thought it might not happen.

I could totally imagine 2016 being THE END of the incredibly effective Federal Investment Tax Credit (ITC).

I was hesitant to believe that the U.S. Congress could pull it together to extend the legislation that has been largely responsible for driving expansion of solar in the U.S. over the last seven years. 

http://www.seia.org/research-resources/solar-industry-data

I was wrong.

The Congress did something productive (their machinations were lubricated by the potential for oil exports).

They extended the ITC 30% tax credit for five more years.

That's a 30% tax credit on the installed cost of the entire system!  

THE WHOLE ENCHILADA!!

INCREDIBLE!

2 comments:

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  2. Last I remember is that WV has a yearly maximum that you can claim. Most residential installs will cap out well before they hit 30 percent of the project cost. But it is sure better than nothing.

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