Federal Solar Investment Tax Credit (ITC)

• What it is: The Solar Investment Tax Credit (ITC) is a federal tax credit available for residential, commercial, industrial, and utility-scale solar energy systems in the United States. The ITC allows you to deduct a certain percentage of your solar system's cost from your federal taxes.
• Current Rate: 30% federal tax credit which will be reduced in the future
• For Businesses and Non-Profits: There are grants and special financing programs available for businesses, non-profit organizations, and in some cases, residential installations. Programs like the USDA REAP grants (Rural Energy for America Program) offer funding for renewable energy projects in rural areas.