Federal Investment Tax Credit (ITC)

What Are The Benefits of Solar Energy?

Federal Investment Tax Credit (ITC) Definition:

Commonly referred to as the solar tax credit, the ITC effectively reduces the total cost of your solar energy system by 30% with a credit to your federal taxes. It is regarded as the most significant financial incentive for solar in the US.

Breaking Down Federal Investment Tax Credit (ITC):

The Federal Investment Tax Credit (ITC) allows the owners of a rooftop solar system to deduct 30% of the entire cost of purchasing and installing a solar energy system from their federal taxes. This ITC applies to equally to residential and commercial systems through 2019. Starting in 2020 the percentage steps down to 26 percent and then again to 22 percent in 2021. After 2021, the residential percentage will be reduced to zero while the commercial percentage will drop to a permanent 10 percent.

Sunrun

Recommended Articles

Solar EPC Company

Solar EPC Company

 An EPC company provides a full-service experience to seamlessly acquire a solar installation.

Solar Loan

Solar Loan

The homeowner borrows money from a lender, either a bank or a solar company, and then pay it back with interests through monthly installments.

Underproduction

Underproduction

The energy that is generated below the committed level in a customer’s agreement.

SOLAR SAVINGS ARE BIG

See if you qualify

Go solar in 3 easy steps

  • 1
  • 2
  • 3
Do you own your home?
What is your average monthly electric bill?
Thanks for your interest in Sunrun! To help you go solar, we need your approval to contact you. By clicking above, you agree that Sunrun may call & text you about Sunrun products at the phone number you entered above, using pre-recorded messages or an autodialer, even if your number is on a "Do Not Call" list. Msg & data rates may apply to text messages. Consent for calls & texts is optional. You can opt out anytime.

Thanks so much! We'll call you shortly.

Sorry, we are not taking new customers in your area yet

 

Refer a friend and get $350

Why Sunrun?

Easily compare solar companies today, and see why Sunrun is your best choice for home solar power.

Plans & Services

Find the best home solar plan within your budget today. You can go solar and save for little to $0 down with Sunrun.

Brightbox Battery Storage

Brightbox™ Battery makes storing and managing clean affordable solar energy simple and easy.

Where's Sunrun

Sunrun has hundreds of thousands customers powering their homes with renewable energy each month. Locate solar services in your state.

Solar Education

Learn how to go solar simply with Sunrun’s solar education center, including articles, videos & FAQs.

Sunrun News

From solar news to smart home energy saving tips, learn how solar is helping thousands save on rising energy costs.

Cost of Solar

As electricity rates are rising the cost of solar panels have never been lower. Switch to home solar and save with Sunrun.

Utilities

Find out more on how to lower your electric bill, how to read your electric bill once you go solar, and which green initiatives your utility is focused on today.