Frequently Asked Questions
Can my HOA stop me from installing solar power?
Does a home with solar installed sell for more than one just like it without solar installed?
BUSINESS ENERGY INVESTMENT TAX CREDIT ( 26 USC § 48 - 26%)
Am I eligible to take the Residential Renewable Energy Tax Credit? (26 U.S. Code § 48)
- Your solar PV system was installed between January 1, 2006, and December 31, 2021.
- The solar PV system is located at your primary or secondary residence in the United States, OR FOR AN OFF-SITE COMMUNITY SOLAR PROJECT, if the electricity generated is credited against, and does not exceed, your home’s electricity consumption.1
- You own the solar PV system (i.e., you purchased it with cash or through financing but you are neither leasing nor are in an arrangement to purchase electricity generated by a system you do not own).
- The solar PV system is new or being used for the first time. The credit can only be claimed on the “original installation” of the solar equipment.
Modified Accelerated Cost-Recovery System (MACRS) ( 5-Year 100% Depreciation)
What are the economics of adding batteries?
1 The IRS has permitted a taxpayer to claim a section 25D tax credit for purchase of a portion of a community solar project (IRS. 2015, September 4. IRS private letter ruling 201536017. https://www.irs.gov/pub/irs-wd/201536017.pdf. Note: A private letter ruling may not be relied on as precedent by other taxpayers.)
Residential energy efficient property - 26 U.S.C. § 25D
Residential energy efficient property - 26 U.S.C. § 25D
