Please enter the current Federal ITC rate.
The ITC is a dollar-for-dollar reduction in the income taxes that a person or company would otherwise pay the federal government. Currently, the solar ITC is 26% of the basis that is invested in solar project construction but it subject to change with potential new federal legislation.
Due to the tax-exempt status of municipalities, K-12 school districts, state agencies, public colleges and universities, and not-for-profit organizations, these entities are not eligible to claim the federal ITC as a dollar-for-dollar reduction against the cost of the solar PV system, as a taxable entity would be. For more information, explore: