Solar Investment Tax Credit (ITC) FAQ
There’s good news for folks planning to go solar this year: the federal government has signed on to help make it more affordable! New solar homeowners are eligible for an income tax credit, amounting to no more than 26% of the total cost of your new solar system, now through December 31, 2022.
Since this is a credit, not a rebate, you will not get cash for going solar. Rather you just don’t have to pay that amount in taxes —it’s more of an “instant tax refund.”