Solar investment tax credit extended

Solar investment tax credit extended

It’s official!

The Federal government has extended the 26% solar investment tax credit  through the end of 2022, as part of the broader COVID-19 relief bill passed on December 22.

Under the legislation, the solar ITC will remain at 26% for projects that begin construction in 2021 and 2022, step down to 22% in 2023, and end for residential projects in 2024. This extension will take effect immediately.

For more information and FAQ’s please check out US Department of Energy’s release:

Guide to Federal Tax Credit for Residential Solar PV

 

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