Federal Solar Tax Credit
Install Your Solar System NOW to Get a 26% Discount!
In December 2015, Congress passed a spending bill that extended a tax credit to homeowners and commercial business owners who install solar panels. The current tax credit allows homeowners and commercial business owner’s to deduct 26% of the cost of the solar system from their taxes. However, this particular benefit goes away at the end of 2020. The tax deduction will continue to decrease every year afterward.
Here’s the breakdown of how the federal solar tax credit extension will works:
- 2020: Tax credit of 26% of the solar system’s cost
- 2021: Tax credit of 22% of the solar system’s cost
- 2022: No more residential tax credit! Only commercial solar systems are eligible for 10% tax credit
At HES Solar, we want you to receive all the benefits from going solar. To ensure your system is installed and inspected by SDG&E before the tax credit diminishes it is highly recommended that solar systems are sold and installed before JUNE 2020. Only systems installed by June 2020 will be guaranteed a 26% tax credit.*
To take advantage of this Federal Income Tax Credit and to receive the full 26%, make sure your solar system is installed, operating, and approved well before Dec. 31, 2020. Our team at HES Solar is ready and knowledgeable to help guide you through the process to ensure your system is up and running before the ITC deadline.
ACT NOW
*30% Tax credit is based on SDG&E final approval and inspection