Without the solar Investment Tax Credit (ITC), interested individuals will miss solar savings. Not everyone that has an interest in solar can qualify for it. If they don’t own a home, use enough electricity or have high enough credit, it may not be the right time for them to get solar. In time these individuals […]
Category: Federal Solar Tax Credit
GSG Unfazed by the ITC Phasedown
The future of solar is unclear, but one thing is certain. Go Solar Group will still be here. To stay in business, companies need to pay attention to market trends and plan accordingly. This is no easy task, but Go Solar Group is confident that it is one they have mastered. The solar investment tax […]
2020 ITC Phase Down
Postponing big-ticket investments isn’t always smart. Americans are becoming more aware of the need to decrease their carbon footprint. However, without the right price tag, they are unwilling or unable to make the leap. Which is why the Energy Policy Act of 2005, was signed into law. It provides tax incentives and loans for different […]
The What, How, and Why of the ITC
Solar panels are a great way to help the environment. However, some are unaware that the federal government has a solar incentive in place. This incentive makes solar affordable, which has increased solar installations in recent years. In fact, since the ITC was first enacted in 2006, it has increased on average by 50 percent […]
How to File Your Federal Solar Tax Credit
Adding residential solar to your home helps the environment. However, it can also save money with the federal solar tax credit, also known as the Investment Tax Credit (ITC). The ITC, as of 2020, covers 26 percent of the cost of solar for those who have taxable income. To get this tax credit, solar customers need […]
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