What solar incentives are available? - Eagle Point Solar

What solar incentives are available?

Solar incentives change regularly depending on which state you reside in. The most significant incentive is the federal investment tax credit (ITC) (https://www.energy.gov/savings/residential-renewable-energy-tax-credit), which allows you to deduct a percentage of the cost of your solar energy system from your taxes. Some states offer additional tax credits, and certain municipalities and utilities also offer cash rebates or other incentives. Additionally, commercial solar is eligible for a 5-year Modified Accelerated Cost Recovery System (MACRS) (https://www.seia.org/initiatives/depreciation-solar-energy-property-macrs) depreciation schedule. Click here for a complete listing of solar incentives for Iowa, Illinois and Wisconsin.