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What Is the Solar Tax Credit?
The Investment Tax Credit (ITC) provides a 30% credit thats similar to the residential credit.
Who Qualifies for the Residential Clean Energy Credit?
This credit applies whether or not you own or rent.
How Much Is the Solar Tax Credit Worth?
However, your credit is limited to 30% of your qualifying expenses.
Its important to note that the credit is scheduled to phase out over the coming decade.
Solar Tax Credit Phase-Out Timeline
Note: Policy changes are possible depending on legislation or administrative action.
What Expenses Qualify for the Solar Tax Credit?
Can You Carry Over Unused Credits?
If you miss your window, you lose the credit.
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