RENEWABLE ENERGY TAX CREDIT

The following is provided as information only – not as tax advice. Please consult a tax professional.

APPLY TO BOTH

Residential and Business.

CREDIT APPLIED TO TAXES OWED

In the amount of 30% of the net cost of solar installation.

INSTALLATION COST

Includes the system, labor, fees, batteries, taxes and certain remediation costs to enable installation of the system, e.g. main electric main panel upgrade, roof repairs, or cool roof installation (please consult tax professional)

ANY INSTALLER, UTILITY, STATE, OR OTHER INCENTIVES

Need to be deducted to arrive at the net cost.

30% CREDIT LEVEL FOR SYSTEMS

On which construction has begun before end of 2019; 26% in 2020; 22% in 2021; 10% in 2022; residential credit eliminated and 10% for commercial in and after 2023

THIS IS A CREDIT

Not a deduction; therefore, it is worth dollar for dollar.

CREDIT IS NOT CONSIDERED INCOME

So you do not owe tax on it.

OWE SAME AMOUNT OF TAX

You need to owe at least the same amount of tax to take advantage of it and can carry over to subsequent years.

OWNER FOR MULTIPLE HOMES

If you are the primary owner for multiple homes, then credit needs to be pro-rated for each home based on the amount of time you live in each home.

NO LIMIT TO THE CREDIT

There is no limit to the credit.

CLAIM CREDIT

Claim credit by completing IRS forms 1040 and 5695 (please consult tax professional)

GET A FREE SOLAR QUOTE!

GET YOURS TODAY!

GET YOUR QUOTE BY PHONE!

858.459.9020

GET IN TOUCH!

sales@aviarasolar.com

GET A FREE SOLAR QUOTE!

GET YOURS TODAY!

GET YOUR QUOTE BY PHONE!

858.459.9020

GET IN TOUCH!

sales@aviarasolar.com