Tax Incentives
Tax Incentives
There are both state and federal tax incentives for installing commercial and residential photovoltaic system.
The U. S. government has supported the use of solar power for several years with a federal tax credit. The federal solar investment credit (ITC) promotes current and future energy solutions. Many states also have solar tax incentives.
There is a 30% federal business energy tax credit and a federal accelerated depreciation program. In addition, the State of Hawaii has a 35% renewable energy tax credit program.
- 30% Federal Business Energy Tax Credit
- 35% State of Hawaii Renewable Energy Tax Credit
- Federal Accelerated Depreciation
Contact your tax professional to confirm any federal and state tax incentives that may be, or will become, a part of your solar energy financing solutions.
