Currently, your incentive is a 26% federal investment tax credit and accelerated depreciation. Accelerated depreciation allows you to deduct additional project costs from your taxes. After the tax credit and depreciation, the net project cost is around 55% of the purchase price. Local incentives apply in some areas and further decrease the cost of going solar.
NOTE: the federal tax credit steps down to 22% in 2021 and 10% in 2022. ACT NOW to lock in maximum savings – contact a specialist from our team – or reach out to Austin, our commercial specialist directly.
Austin Stahl