The year is almost over and the next tax season will be here before you know it. After next year the federal tax credit is scheduled to decrease drastically before it disappears completely!
With strong opposition from powerful energy companies and the special interest groups they fund, you can’t be certain it will even last as long as it has been promised. The only way to be certain you will be able to benefit from the maximum tax credit is to install solar right away!
The Federal Investment Tax Credit (ITC) provides a 30% reduction in the initial cost of a solar electric system. As soon as 2019 is over, the percentage will drastically decrease and will be gone altogether by the end of 2022.
Systems installed in 2019 will be the last ones eligible for the maximum tax credit and to see the credit reflect on your tax return in 2020 before it decreases. To ensure you receive the 30% tax credit, your system must be installed, approved and turned on by or on 12/31/2019.
Get more information on solar incentives and rebate at http://www.energystar.gov/taxcredits.
Contact West Coast, Heating, Air Conditioning, and Solar today to switch to solar before the maximum tax credit is gone for good!