Is There A Tax Credit For Solar Panels?
Yes, solar panels can qualify for a tax credit.
How much: 30% of the cost (including installation costs), with no upper limit (Credit decreases to 26% for tax year 2020; drops to 22% for tax year 2021)
Tax credit in effect through 2021 Must be installed in a home you own and use as a residence (no rentals, but second homes qualify) between January 1, 2009 and December 31, 2021.
How to apply: Simply file Tax Form 5695 with your tax return
Is There A Tax Credit for Wind Energy?
Yes, small wind units qualify for tax credit!
No Maxiumum Credit on New Installs!
The home served by the system does not have to be the taxpayer’s principal residence.
How to apply: Simply file Tax Form 5695 with your tax return
