The 30% Investment Tax Credit (Solar ITC) – The Largest Available Incentive

What is the Solar ITC?

Are you considering investing in solar energy? If so, you might have heard about the 30% Investment Tax Credit (ITC). This incentive is one of the most significant financial benefits available to homeowners and businesses looking to go solar. Here’s what the Solar ITC is, how it works, and why it’s an excellent opportunity for those in Rochester, Portsmouth, and surrounding areas.

How Does the Solar ITC Work?

The Solar Investment Tax Credit (ITC) will let you deduct 30% of the cost of your solar energy system installation from your federal taxes, meaning that if you spend $20,000 on a solar system, you can save $6,000 on your tax bill. This credit applies to commercial and residential solar projects, making it a valuable incentive for everyone looking to switch to solar energy.

Who is Eligible for the Solar ITC?

To take advantage of the Solar ITC, you must meet a few key requirements:

• Installation Deadline – Your solar panels must be installed before December 31, 2032.
• System Ownership – You must own the solar system. If you lease your panels or have a power purchase agreement (PPA), you won’t be eligible.
• Tax Liability – You need to have enough tax liability to fully utilize the credit. If your tax bill is lower than the credit amount, you can carry over the unused credit to the following tax year.

Why is the Solar ITC So Important?

The Solar ITC is crucial for several reasons:

• Reduces Upfront Costs – The 30% deduction dramatically lowers the initial investment required for solar installations, making it more affordable for families and businesses.
• Promotes Renewable Energy – This incentive encourages the shift to clean, renewable energy, reducing dependence on fossil fuels and helping to combat climate change.
• Boosts Job Growth – Increased investment in solar energy leads to job creation in the clean energy sector, supporting local economies in Rochester, Portsmouth, Manchester, Concord, Dover, and Exeter.

Take Advantage of the 30% Solar ITC with 603 Solar!

The 30% Investment Tax Credit is an incredible opportunity for anyone considering solar energy. With the potential to save thousands of dollars, now is the perfect time to explore your solar options.

If you live in the New Hampshire area, 603 Solar is here to guide you through the process and ensure you maximize this incentive. Don’t miss out on the chance to save money and contribute to a cleaner environment! Contact us today to get started on your solar energy journey.