Solar Tax Credit 2019–Now Or Never 30% Tax Break As Incentive Is Scheduled To End This Year

This is the last year you can access the full solar tax credit. What are you waiting for? Solar may not ever be as affordable again as it is now.

What is the solar tax credit (ITC)?

If you didn’t know about this credit, you’ve been missing out. But luckily for you, you have this last year to claim the full 30% federal solar tax credit.

The solar tax credit, AKA Investment Tax Credit (ITC), allows you to deduct 30% of the cost of solar installation from your taxes.

The tax credit applies to both residential and commercial property and, with no limit to it’s value, you can save a ton of money on that solar installation. On average, homeowners are saving $5,000 on the solar tax incentive.

Solar energy is more affordable than ever. Homeowners who thought they missed the boat are getting an extended time to take advantage of their savings.

Get your free solar quote and connect to the professionals you need with Home Professionals today.

Get Your Free Quote Now: 877-858-2195

How do I qualify for the federal solar tax credit?

If you have your own solar energy system, you can qualify for the ITC.

If you don’t have enough liability to get your entire credit this year, it can roll into other years as long as the solar tax incentive is in place (another reason to take advantage now).

Also, if you enter into a lease or PPA contract with your solar installer, they are essentially taking advantage of this tax credit for you. Since you are not the owner of the system, you would not receive the tax credit.

However, leasing solar panels or signing a Power Purchase Agreement allows many homeowners to get solar energy for very little money down.

The solar company uses the solar tax credit, installs their solar panels on your roof, then you buy the solar energy from them at a reduced price. All in all, this is a great option for homeowners who don’t wish to invest in solar energy on their own this year.

Why is it important to claim my solar tax credit this year?

The Energy Policy Act of 2005, the reason the solar tax credit exists, was set to expire at the end of 2007.

Because of its success, many extensions were added up until the end of 2016. After some evaluation, experts knew an additional five year extension could really bring the solar industry to fruition.

Congress passed a spending bill in late December 2015, so the tax credit is now available to homeowners in some version through 2021, though not in its full form.

  • 2016 – 2019: 30% solar tax credit
  • 2020: 26% solar tax credit
  • 2021: 22% solar tax credit
  • 2022 – ?: 10% solar tax credit for commercial property. There are no solar tax credits for residential solar energy systems.

Get Your Free Quote Now: 877-858-2195

Save another 10% with Home Professionals

Finding the best home professionals with the best deals takes a large amount of time, research, calling around, and gathering quotes.

Most find the process exhausting and it’s easy to push it off. But homeowners who look at more options tend to save another 10%.

Research indicates that the more quotes you can compare the more likely you are to save money. And the same research indicates that oftentimes, it’s your local professionals that have the best deals for your money than big national brands.

That being said, you don’t want to make a decision until that research has been done for your area and your needs.

You’re invited to save another 10% with Home Professionals today. 

Home professionals has all the local and national connections to the best deals and pros in your area. Allowing you to enter your information once in our pro-finder then sit back and relax as the best come to you. Then you can make your own decision on what’s best for you.

Get Your Free Quote Now: 877-858-2195

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Frequently Asked Questions about Solar:

Q: What is the ITC?

A: The Federal Government in the year 2019 will pay for 30% of your solar cost. That's like the Federal Government paying 30% of your electric bill for the next 30 years.

Q: Is there a solar program that is 100% free?

A: No. There are programs without any enrollment, install, or maintenance costs. However, you still have to pay the lower power bill that comes accompanied with your electricity use.

Q: What energy efficient program offers the most savings?

A: Solar offers massive savings to the homeowner. Especially as electric rates tend to rise year after year, and homeowners are using more power as they are adding in home automation, tvs, speakers, etc.

Scale of Solar Prices Over Time

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