Tax Information
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] Can you tell me more about the federal solar Investment Tax Credit ("ITC")?
The Investment Tax Credit (ITC) is currently a 30 percent federal tax credit claimed against the tax liability of residential (Section 25D) in solar energy property. The Section 25D residential ITC allows the homeowner to apply the credit to his/her personal income taxes. This credit is used when homeowners purchase solar systems and have them installed on their homes.
Please consult your tax advisor regarding the Federal Tax Credit of 30%. Your loan and the requirement to make payments is not contingent upon the availability or your receipt of a tax credit or other benefit.