How Can I Use the Federal Solar Tax Credit to Help Fund My New Solar Installation?

How Can I Use the Federal Solar Tax Credit to Help Fund My New Solar Installation? image

How do taxes fit into the solar conversation? Solar is an environmentally-friendly home improvement that can bring you tax benefits as well as save you money on your electricity costs. Currently, the federal government offers an Investment Tax Credit (ITC) for putting solar on your home or business. The ITC provides a significant financial advantage for solar customers by allowing them to deduct 30% of the cost of their solar array from their federal taxes. How does the solar tax…

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Tax Advice from Solar Guys?

Every year, about this time of year, we get a lot of questions from our customers about the Tax Code as it pertains to renewable energy credits.  We also become aware in the course of dealing with those questions that there are many other installers in this market who make representations about the Tax Code that are simply incorrect and which could, if followed, expose New Mexicans to audits and unfavorable treatment by the tax authorities at…

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