What Homeowners Need to Know About the Federal Solar Tax Credit

Solar Tax CreditSave 30% On Solar in 2016!

WhatHomeownersneed to know about theFederalSolar

.

2016 may be the last year the government offers tax credits for

residential solar.

Did you know, you could save up to 76% on energy costs by switching to solar?

Homeowners with solar panels installed before December 31, 2016 can claim 30% of the cost as a tax credit, with no ceiling.

The solar tax credit takes the cost of installation directly off your annual tax payment, rather than deducting it from taxable income.

Attribution: Wayne National Forest

Average solar installation cost?

$52,500.

If you install before Dec 31,

2016, you could save >$15k.

Do you qualify for the federal solar tax

credit?

Will your solar system be placed in service on or before Dec 31, 2016?

1

Will you live in the house before Dec 31, 2016?

2

Do you own a solar system?

3

If you answered YES to all 3 questions, you qualify!

To calculate your unique solar tax credit savings:ADD: panels + installation + laborMULTIPLY: 30%

The solar tax credit

deadline is December 31, 2016.

Any system installed after

that date does not qualify.

Interested in the solartax credit?

Get free quotes from providers to see how much you’ll save at 123SolarPower.net