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Solar Incentives

No Sales Tax on Solar Products

There are no sales taxes on solar products or services. In addition, the solar energy system adds value to your home, but this value is included in your property taxes.

Residential and Commercial

For residential and commercial properties, a 30% tax credit is available. A firm or taxpayer may claim a credit of 30% for a solar energy system that is placed into services after January 1, 2008 and before December 31, 2016. The home served by the system does not have to be the taxpayer's primary residence. The 30% is based on the total installed price. If the federal credit exceeds tax liability, the excess amount may be carried forward to the succeeding taxable year, until 2016; however, it is unclear whether the unused tax credit can be carried forward after 2016. For homeowners who finance their solar system, they may be able to deduct the interest paid. Please consult your tax professional and click below for more information.

5 YEAR Accelerated Depreciation

Modified Accelerated Cost-Recovery System (MACRS) is an accelerated depreciation method in which the IRS allows businesses to depreciate the actual cost of a PV system (after ½ of the 30% tax credit has been deducted) over a 5 year period.

These incentives will cover a substantial portion of the total cost, and the result is solar power being competitive with electric utility power. In addition, depending on inflation increases in the coming decades, solar power can be significantly less expensive than the prevailing energy rates of the future.

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