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Solar Energy Tax Credit Information

Solar Credit (25D) – Available through 2016

The U.S. government offers a tax credit (Solar Tax Credit, 25D) for 30% of the cost with no upper limit on solar module installation.

                Tax credits for Solar Energy Systems are available at 30% through December 31, 2019.
                The credit decreases to 26% for tax year 2020
               drops to 22% for tax year 2021 then expires December 31, 2021

Tax Credit:  30% or cost with no upper limit then reduces after 2019
Expires:  December 31, 2021
Details:  Existing homes and new construction qualify.  Both principal residences and second homes qualify. Rentals do not qualify.

Please note that not all energy star products will quality for a tax credit.

Geothermal Tax Credit Information

Residential Geothermal Tax Credit Is now expired

Tax Credit:  30% or cost with no upper limit
Expires:  December 31, 2016
Details:  Existing homes and new construction qualify.  Both principal residences and second homes qualify. Rentals do not qualify.

Please note that not all energy star products will quality for a tax credit.

 

Please consult your tax expert on any tax credit to which you may be entitled.
For complete information about tax credits visit energystar.gov 

 

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