Solar Investment Tax Credit (ITC) Extended Through 2021
What is the Solar Investment Tax Credit (ITC)?
The Solar Investment Tax Credit (ITC) system, implemented by the U.S. government through the Energy Policy Act of 2005, allows you to receive a 30% tax credit on your purchase of a solar panel system. In other words, if you purchase a $20,000 system, you will only pay $14,000 because $6,000 will be deducted from your income tax at the end of the period. This reward system has helped foster a greener and more renewable nation as it has encouraged thousands of people to go solar over the years.
What has changed?
The ITC reward system was supposed to expire in 2015, but since it was so successful in incentivizing Americans to go solar, the government has decided to extend Investment Tax Credits to the year 2021! Below is a breakdown of the ITC credits over the next few years.
2016 – 30% Tax Credit
2017 – 30% Tax Credit
2018 – 30% Tax Credit
2019 – 30% Tax Credit
2020 – 26% Tax Credit
2021 – 22% Tax Credit
What does all this mean?
It is not too late to go solar and receive a 30% tax credit on your system. Contact Aikyum Solar for a free quote and start saving today.
Click here for the official government Solar Investment Tax Credit article.
Testimonials from a few of our customers:
“I have been very happy with the whole experience and Aikyum will get my unbridled recommendation in the future.”
– Arun Jain
“I reached out looking for someone to repair my system after a roof install and was incredibly impressed by how attentive Harina and her service tech Joey were in not only getting my system back in order but going above and beyond by contacting the manufacturer after the two inverters failed to operate. I would absolutely use them again in a heart beat, for any future solar needs. Thanks again Aikyum Solar.”
– Celso G.
“Harina patiently met with us several times to help me understand the details of solar and to suggest approaches that no other bidder had proposed. Her installation team was punctual, courteous and efficient.”
– Carol R.
“Working with Aikyum was extremely easy and streamlined. Harina and her team took care of everything from permitting, to HOA approvals, to final notices to the city and HOA.”
– Apur L.