Claiming the Solar Federal Tax Credit: For Home-Owners & Businesses

Claiming the Solar Federal Tax Credit: For Home-Owners & Businesses

How to Claim the Federal Solar Tax Credit

You’ve installed a solar array and it’s connected to the grid… now it’s time to make sure you claim your 30% Federal Tax Credit!

How to Claim the Federal Solar Tax Credit: Home-Owners

Residential Solar Installations can find the most current form and worksheet for the IRS Residential Energy Credits form  (Form5695). For general information, you can download this Homeowner’s Guide to the Residential Federal Solar Tax Credit.

How to Claim the Federal Solar Tax Credit:  Businesses

Commercial Solar Investment Tax Credits take into account an individuals tax rates and the depreciation, so benefits from can vary drastically from one business to another. It is always good to consult your accountant before any long term investment decision. The basics of the program can be found on the Energy.gov site.

**Since we are solar experts, not tax experts, it is always good to verify your financial investment and available tax credits with your accountant. A Federal Tax Credit and tax liability affects individuals and companies in different ways, we can only make general statements on what our customers have experienced.

By |2017-07-06T10:04:10+00:00January 17th, 2017|Categories: Frequently Asked Questions, Solar Incentives & Programs|Comments Off on Claiming the Solar Federal Tax Credit: For Home-Owners & Businesses