Tax Credits

Tax Credits

Solar Tax Credits are valuable to customers who pay taxes or are going to pay taxes in the future.

Homeowners benefit from solar tax credits

Going solar with Sol Luna Solar not only offers customers customized designs and the very best pricing, but also, gives client’s the opportunity to take advantage of the valuable Solar Tax Credits.

Sol Luna Solar does not provide tax advice. Consult your accountant to determine if you are eligible for the 30% Federal Investment Tax Credit.

solar tax credits
What are solar tax credits? 

“A taxpayer may claim a credit of 30% of qualified expenditures for a system that serves a dwelling unit located in the United States that is owned and used as a residence by the taxpayer.

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.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.

The maximum allowable credit, equipment requirements and other details vary by technology, as outlined below. If the federal tax credit exceeds tax liability, the excess amount may be carried forward to the succeeding taxable year.

Will you owe money on your taxes this year? 

If you answered yes, then you can benefit from installing a solar energy system at your home and business! The solar tax credit doesn’t expire until 12/31/2021, but it will begin being phased out in 2019. This is the best time to take advantage of solar savings. If you live in our service area, you can begin saving with solar TODAY! 

Corrales solar panel installation, time to shine

Choose the Right Solar Installer.

Look no further than Sol Luna Solar. We take the time to understand our customers and are committed to providing excellent customer service. Our full-service solar installation packages mean homeowners get the most out of their investment.

We’ll walk you through the process and make sure you have everything you need in order to take advantage of the Federal Solar Tax Credit!

Solar Investment Tax Credit Schedule

  • 30% for systems placed in service by 12/31/2019
  • 26% for systems placed in service after 12/31/2019 and before 01/01/2021
  • 22% for systems placed in service after 12/31/2020 and before 01/01/2022
  • There is no maximum credit for systems placed in service after 2008.
  • Systems must be placed in service on or after January 1, 2006, and on or before December 31, 2021.
  • The home served by the system does not have to be the taxpayer’s principal residence.