Though we do still have a few months before the end of the year, you’ll want to get solar panels installed soon if you want to take advantage of the Solar Investment Tax Credit.
The Solar Investment Tax Credit is a tax credit that can be claimed on your federal income taxes for 30 percent off the total cost of your PV system, after rebates and coupons have been applied. In order to qualify, you will need to have your PV system completely installed by December 2016. Those who want to use the tax credit will need to begin their solar installation process by Oct. 31 as sometimes the process can take a few months to secure financing and completely install the system. If you wait too long past Oct. 31, you may be cutting it close to January by the time your panels are ready to go.
A signed contract or project that’s underway won’t qualify for the credit; only completely installed and ready-to-use panels will qualify for the credit.
If you’d like to learn more about the extension, click here.
If you’re planning to install solar soon, we want you to be able to take full advantage of the tax credit. Our installation appointments are filling up quickly. Call today to book your appointment! (916) 853-2700.