TAX CREDITS
TAX CREDIT
HOW TO QUALIFY FOR YOUR
FEDERAL TAX CREDIT
The federal tax credit for installing renewable energy systems is a great way to save money and the planet at once! The U.S government gives incentives that can reduce your taxes by as much 50%. We have all of our customers covered with 6 easy steps below, so don't hesitate - go ahead and claim yours today!
To get the most out of your solar investment, it's important to know about all available tax credits. Utah and South Carolina both offer their own incentives so make sure you follow these state specific instructions by clicking on each link below for more information!
You can also claim the residential energy-efficient property credit on Form 5695 when you acquire alternative energy equipment for use in your home. The allowable 30% tax break is up to $3,000 per piece of nonbusiness purchased and installed within one year - so don't wait!
Some of the most popular types of alternative energy equipment that qualify for this credit include solar panels, wind turbines, and geothermal heat pumps. Purchasing and installing one or more of these devices may help you reduce your home's reliance on traditional forms of energy, and could save you a lot of money in the long run.