Solar Tax Credit Expiring – The Sooner You Go Solar, The More Money You’ll Save
See the Current Federal Investment Tax Credit Schedule & Expiration Dates
There’s good news and bad news.
The bad news is, the federal investment tax credit expiration is getting closer. But the good news is, the price of electricity continues to rise.
Wait, why is that good news?
Because solar power will continue to reward you with larger and larger offsets of your electric bill.
Even though your solar tax credit will be a bit smaller each year you put off installing solar on your residence, poultry farm, hotel, or other business, the money you’ll save will continue to increase as you avoid the ever-increasing costs of electricity.
Before we get into the details of that, here is the most current schedule for the Federal Investment Tax credit (ITC).
There are a number of incentives for solar power – Georgia alone has it’s own set of solar tax credits. However, the ITC is one of the most important.
Federal Investment Tax Credit Schedule