Is the federal solar tax credit going away in 2020?

Peter Troast | Aug 30, 2020 | Category: Solar energy company

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Boston Solar | Aug 30, 2020

Hi Peter, thanks for your question. The federal investment tax credit (ITC), also known as the solar tax credit, isn't going away in 2020 but rather just stepping down in value. If you install your solar energy system in 2020, the solar tax credit will be valued at 26%. This is the first step down from the 30% value for installations that were completed in 2019. In 2021, it will step down again to 22% for solar installations. And in 2022, the solar tax credit will be eliminated for residential systems but remain at 10% for commercial solar projects. If you have further questions about the solar tax credit or would like a free solar quote, speak to our solar team today at Boston Solar - https://www.bostonsolar.us or call 617-648-5601.

Brandon Zonghi | Aug 30, 2020

No, it is currently 30% but it will decrease (i think in 2020) to 25% and continue to decrease

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