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Historically, the federal/local governments and industry-specific entities have offered financial incentives to stimulate an industry.  Currently, the US Federal Government and local utility companies are offering financial incentives from which residential and commercial consumers may benefit.


Renergy Solar will assist with the completion of all documentation regarding the Federal Tax Credit and available rebates.

5 Pfeiffer Road, Borne, TX  78006 (830) 249-7939 info@renergysolar.com

Tax Credits


Residential


The US Federal Government provides a tax credit toward the purchase (including labor and materials) of your solar system.  A tax credit cancels a portion of actual taxes owed. 


A taxpayer may claim a credit for a system that serves a dwelling unit located in the United States.  Expenditures include labor costs for on-site preparation, assembly or original system installation, and for piping or wiring to interconnect a system to the home.


Gradual step down tax credit value for Solar Energy Systems:







       

       

Expenditures with respect to the equipment are treated as made when the installation is completed. If the installation is at a new home, the "placed in service" date is the date of occupancy by the homeowner.


Please discuss details with your CPA.  Read more.


Commercial


The Consolidated Appropriations Act, signed in December 2015, included several amendments to this credit which apply to solar technologies and PTC-eligible technologies. Notably, the expiration date for these technologies was extended, with a gradual step down of the credits between 2019 and 2022.

Gradual step down tax credit value for Solar Energy Systems:










The expiration date for solar technologies is based on when construction begins.

Please discuss details with your CPA.  Read more.


Rebates

Rebates may be offered by local utilities.  Contact your local utility or discuss with Renergy Solar during your Site Survey Visit.