Your Guide to the
Solar Investment Tax Credit
The Solar Investment Tax Credit (ITC) isn't just a financial boost; it's a powerful incentive that significantly reduces the upfront cost of solar panels, making sustainable energy solutions
Maximize Your operation's
Solar Savings with the
30% Federal Tax Credit
Enjoy the 30% tax credit certainty until 2032, giving your budget predictability and investment confidence.
The federal tax credit is now directly buyable, and we have a team that specializes in purchasing those credits from our customers.
The Investment Tax Credit (ITC) is a tax incentive offered by the US government to encourage businesses and individuals to invest in certain types of assets
Formula to Calculate your
Potential Savings
Your ITC = Applicable Tax Credit Percentage x Tax Basis
Applicable Tax Credit Percentage: This percentage, set by the government, varies depending on the specific type of eligible property. For example, solar energy systems currently enjoy a generous 30% tax credit.
Tax Basis: This represents the total amount you invested in qualifying property, including costs like equipment, installation, and labor.
Example: Let's say you installed a solar energy system with a total cost of $20,000.
Using the current 30% tax credit percentage,
your ITC would be:0.30 (30%) x $20,000 = $6,000
This means you could potentially claim a $6,000 tax credit, directly reducing your tax bill!
Explore Additional Incentives for
Businesses & Farms
Schedule your free consultation today and let Sunchoice
secure your sunshine-powered tax advantage!
