Did you know that you may be eligible for a 30% federal tax credit by investing in solar? A solar tax credit is an incentive program that reduces the income tax you owe when you invest in solar energy. For residents of California, there are federal solar tax credits available, as well as a variety of local incentives that make investing in solar a worthwhile investment.
A tax credit is a reduction in the income tax you owe. Currently, the federal government has a specific solar tax credit in place through 2032 for 30% of the cost of your solar investment, with no cap on the amount that can be claimed. This means that you can receive 30% of the cost of your solar panels back in tax credits, no matter how large your investment is. After 2032, this solar tax credit will drop to 26% and then to 22%. In other words, right now is the best time to invest in solar panels to maximize your tax credit!
Thanks to new federal solar tax credits, switching to solar power and adding battery storage is more affordable than ever. You could receive nearly a third of the cost of your solar system back through tax credits. Here’s what qualifies for solar tax credits:
The 30% tax credit for investing in solar is only here for a limited time, so don’t miss out! At Solar by Quality Home Services is pleased to be your local source for solar power systems in the Fresno and Bakersfield, CA, areas. If you’re interested in switching your property to solar, you can find top-of-the-line products and installation services with our trusted professionals. Our experienced team can also help you understand how the solar tax credit and other local financial incentives can help offset the cost of your investment. Contact SunPower® by Quality Home Services today to get started.
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*Eligibility for tax credits and local incentives varies. Contact us for more details. †Conditions apply. Consult with a tax professional for specific advice.