The investment tax credit (ITC), also known as the federal solar tax credit, allows the deduction of 30 percent of the cost of installing a solar energy system from federal taxes. However, projects that begin construction by July 4, 2026, are eligible for the full 30% credit, provided they are placed in service within four years. Projects that begin construction after July 4, 2026, must be placed in service by December 31, 2027, to receive any credit. Thereafter, commercial projects will be ineligible for tax credits under the current law.
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*ECS energy are not licensed tax professionals; please consult with your CPA or licensed tax professional. The information provided within is to serve as an illustrative guide and is from publicly available sources.
