Watch Smartflower on This Old House
Apr 11, 2019Do you have questions about the importance of solar? Ever wonder how Smartflower can help reduce or eliminate your energy costs? Find out now on Ask This Old House, and watch the Smartflower in action!
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I live in Pa, Would I qualify for credits, Thanks
The federal solar tax credit, also known as the investment tax credit (ITC), allows you to deduct 30 percent of the cost of installing a solar energy system from your federal taxes. The ITC applies to both residential and commercial systems, and there is no cap on its value. Thanks to the ITC, the average shopper saves over $5,000 on the cost of going solar in 2019.
2016 – 2019: The tax credit remains at 30 percent of the cost of the system. This means that in 2017, you can still get a major discounted price for your solar panel system.
2020: Owners of new residential and commercial solar can deduct 26 percent of the cost of the system from their taxes.
2021: Owners of new residential and commercial solar can deduct 22 percent of the cost of the system from their taxes.
2022 onwards: Owners of new commercial solar energy systems can deduct 10 percent of the cost of the system from their taxes. There is no federal credit for residential solar energy systems.
You certainly do Joseph. There’s a federal credit and a state credit that you qualify for any solar install you purchase. Not lease. Another reason why Smartflower is a good solution over rooftop leased system.
Hi I live in Puerto Rico, I need produce 1200 KW monthly , your system it can supply it? and
How much is the cost ? Thanks