UPDATED: August 27, 2022
Tax season is coming and we have great news about a 2022 solar tax update. If you want to add solar in 2022 the recently signed federal spending plan has extended the federal investment tax credit for ten years.
The credit can be applied to any federal taxes owed. The credit for home or commercial solar purchases were scheduled to drop to 22 percent in 2023. After that, the residential solar credit will be eliminated, and commercial and utility solar projects will be eligible for a 10 percent credit starting in 2024. Fortunately, the solar tax credit has been extended as of August 2022 for the next 10 years at a rate of 30%.
Solar Financing Explained
Confused about how going solar might affect your finances? Talk to a SunPower by Sun Solar expert. We will spell out the solar tax credit along with how solar financing works so you can start enjoying the rewards of owning a solar energy system.
Many solar financing packages are available to help homeowners save money with solar. For a list of solar incentives offered in your area, visit the Database of State Incentives for Renewable Energy. You can enter your zip code to see a list of local rebates and credits.
For example, GRID Alternatives is available to homeowners who meet certain income requirements. You can find GRID programs with the DSIRE.
Our solar educators are here to help maximize your savings via solar tax credits and other local or state incentives that may offset the cost of home solar.
For more information, call us at (661) 535-0795 or fill out a contact form for a free solar quote.
SunPower offers services in the Central Valley and throughout California, with offices in Bakersfield, Fresno and Anaheim.
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