Need a Tax Break? Go Solar in 2019 for Maximum Benefits

January 20, 2019

If you’ve been on the fence about going solar, here’s a great reason to make a decision soon: The U.S. federal solar investment tax credit, known as the solar ITC, is set to decrease after 2019.

This tax credit, which you can apply toward your 2019 federal income taxes, currently is equal to 30 percent of the cost of a home solar system.1 The system must be purchased via cash or loan and installed before 2020.  (There is also a tax credit for businesses that go solar. Learn more about the solar investment tax credit for businesses here.)

SolarTech, a San Diego based solar company that installs SunPower® solar, recently posted this helpful guide and video explaining the upcoming changes to the ITC and how to claim the credit on your taxes if you went solar in 2018. Click to learn more: The Ultimate 2019 Guide To California Solar Tax Credit and Incentives.

This post originally appeared on the SunPower Business Feed.

Disclaimer: This article provides an overview of the federal solar investment tax credit (ITC). It does not constitute professional tax advice or other professional financial guidance and may change based on additional guidance from the Treasury Department. The information in this article should not be used as the only source of information when making purchasing decisions, investment decisions, tax decisions, or when executing other binding agreements. 
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