WHAT IS THE 30% FEDERAL SOLAR TAX CREDIT?
Craige Campbell July 21, 2018Renewed at the end of 2015, the current Federal Solar Investment Tax Credit expires December 31, 2019.
The Federal Tax Credit is a flat 30% of the system price to be credited towards your Federal Tax Liability in the year the system was interconnected and/or spread out over 5 years of tax returns if needed.
If you were to spend $50,000 on your solar system, you would have a 30% or a $15,000 tax credit to apply towards your annual tax liability.
Whether a person has the tax liability to utilize this credit or not is a key consideration on whether a person should buy, finance, or lease a system. See our solar finance article for more details on the impact of the tax credit on buy and lease options.
While solar remains competitive against grid power without this tax credit, it remains a significant component of how leasing companies lease solar and the ROI of buying a system.
While not a tax service, we will review the options of getting into solar with or without utilizing this credit.
For your convenience, you can download the Residential Energy Credits here..
IRS form f5695
Watch Now Live – Presented by Coachella Valley. Today we Spotlight the Desert Beer Co here in Palm Desert, California.
We will be tasting their newest, most popular and specialty beers and seltzers live today. Over 21 craftbeers, food and live music all right here in the Brewery.
Our Host for Today’s Tasting, Devon Sanchez is the Owner and Brewmeister of this local and family owned Brewery.
Conveniently located right off I10, exit Washington St and turn west Country Club Drive! They brew everything right here making this tasting room a fun and unique spot.
Downtown Palm Springs Walkabout this Sunday Morning. Sunshine with a High of 73F by 2pm. Host Craige Campbell with Coachellavalley.com!
CoachellaValley.com Aerial Drone Footage – La Quinta Cove – Coachella Valley, California – produced by SwingPointMedia.tv – Drone Eye’s View of this Breathtaking Landscape and the Rugged Santa Rosa Mountains of the La Quinta Cove area
Watch Now Live- Happening Tonight – Palm Springs VillageFest, the City’s wildly popular street fair which prior to the COVID-19 pandemic, was held every Thursday night in downtown, will return on Thursday, July 1. Coachella Valley!
With COVID-19 cases significantly down, the City Council approved re-opening VillageFest at their last night meeting, with a smaller footprint and safety protocols in place. The street fair is expected to expand to its original length in the coming months. During the summer, VillageFest hours of operation will be 7 p.m. – 10 p.m.
[]
Related Posts
Watch Now Live – Presented by Coachella Valley. Today we Spotlight the Desert Beer Co here in Palm Desert, California.
We will be tasting their newest, most popular and specialty beers and seltzers live today. Over 21 craftbeers, food and live music all right here in the Brewery.
Our Host for Today’s Tasting, Devon Sanchez is the Owner and Brewmeister of this local and family owned Brewery.
Conveniently located right off I10, exit Washington St and turn west Country Club Drive! They brew everything right here making this tasting room a fun and unique spot.
Downtown Palm Springs Walkabout this Sunday Morning. Sunshine with a High of 73F by 2pm. Host Craige Campbell with Coachellavalley.com!
CoachellaValley.com Aerial Drone Footage – La Quinta Cove – Coachella Valley, California – produced by SwingPointMedia.tv – Drone Eye’s View of this Breathtaking Landscape and the Rugged Santa Rosa Mountains of the La Quinta Cove area
Watch Now Live- Happening Tonight – Palm Springs VillageFest, the City’s wildly popular street fair which prior to the COVID-19 pandemic, was held every Thursday night in downtown, will return on Thursday, July 1. Coachella Valley!
With COVID-19 cases significantly down, the City Council approved re-opening VillageFest at their last night meeting, with a smaller footprint and safety protocols in place. The street fair is expected to expand to its original length in the coming months. During the summer, VillageFest hours of operation will be 7 p.m. – 10 p.m.
[]
Search
Popular Posts
Galleta Meadows Estate Borrego Springs, California Along a California highway is a kind of Jurassic Park made of metal. Borrego Springs RoadBorrego Springs, California,…
Disney is putting its name on a 618-acre, mixed-use development in Rancho Mirage, the company announced last year it unveiled a new line of business…
ABOUT THE VENUE AND EVENT Goldenvoice Surf Club charts new territory for the festival weekenders, offering an idyllic pre-festival experience at one of the desert’s…
The 2nd Annual Galleri® Classic came to play at Mission Hills, in Rancho Mirage, California this past week. Starting with Pro-Am’s Weds and Thurs and…
Wesley Koolhof and Nikola Mektic are the 2024 BNP Paribas Open men’s Doubles Champions. This marks their third title this season. Can anyone stop them……
Celebrate 17 years of style at the West Coast’s largest consumer fashion show, Fashion Week El Paseo, to be held March 15-21, 2024, at The…
BNP Paribas Open Announces Record-Setting $19M In Total Prize Money, Competition Schedule Changes For 2024 Event BY BNP PARIBAS OPEN First-Ever All-Quarterfinal Day to…
The fan-favorite Eisenhower Cup Presented by Masimo is back for 2024 on Tuesday, March 5, with eight exciting mixed doubles pairings set to compete in…
Firebirds’ Netminder Makes 25 Saves to Extend Team’s Point Streak to 10. The Coachella Valley Firebirds defeated the San Jose Barracuda on Thursday night by…