In the last few days of Trump’s administration, as part of the relief package approved by Congress, the Federal Solar Tax Credit (also known as the Investment Tax Credit or ITC) got extended through 2022 and will step down in 2023.
Solar Tax Credit Step Down Schedule
2022 is the last year for the full 26% credit! Starting in 2023, the credit will drop to 22%.
Here’s the full solar Investment Tax Credit step down schedule:
Our experts can show you how you can take advantage of this credit to maximize the return on investment for your solar energy system.
Disclaimer: This content is for informational purposes only. Please consult with a CPA or Tax Advisor before filing.