For homeowners, choosing renewable solar energy will require a great deal of research, comparative analysis, and research on companies and equipment.
The federal solar tax credit, also known as the investment tax credit (ITC), allows you to deduct 26 percent of the cost of installing a solar energy system from your federal taxes, it is going down in 2022, so act now to take a HUGE financial advantage of this tax credit. The ITC applies to residential and commercial solar systems, and there is no cap on its value.
In 2020, the average-sized residential solar installation costs typically range between $11,144 to $14,696 after solar tax credits.
***Note that this is for informational purposes only. We can not offer tax advice and are not accountants, and all information concerning tax credits should be confirmed with your tax advisor and/or CPA**
The professionals at Ionix Solar take pride in their craft and aim to offer the most affordable prices to their valued clients. Local solar companies such as Sun Peak Solar want homeowners to value energy independence, lower electric bills, increased home equity, and cleaner energy.