Tax Credits
Federal and Local
The Investment tax credit gives tax payers 30% of the total system cost of their system back in their taxes (It is not a refundable credit).Β
Homeowners that do not pay much in taxes, such as people in retirement, may not get the full benefit of the Federal Tax Credit.
The Federal Tax Credit is for all costs related to going solar.
Cost of The Solar System
Cost of Financing
The cost of financing is also covered by the Federal Tax Credit.Β If the customer finances the system, the cost of dealer fees (if they choose a plan that has dealer fees) will receive a 30% reduction due to these tax credits.
Re-Roof
The costs of a a re-roof on a project can be included in the cost of the project which is covered by the Federal Tax Credit.Β Basically you can get a homeowner a roof at 30% off.
Electrical Upgrades
If electrical upgrades are done as part of a solar project, it can be included in your total system cost and qualify for a 30% tax credit.