Did you know that CA solar tax credits make installing solar energy more affordable than ever? Our knowledgeable team provides guidance on the CA solar tax credit as well as federal tax credit options to ensure that your installation generates a rapid return on investment. Our installation process can be structured to maximize the benefits of solar panel tax credits as well as reducing your overall energy generation costs in the long run. Ask our team for the latest information on the Federal solar tax credit 2021 today.
Take Advantage of the Investment Tax Credit Programme
California solar incentives of 2020 as well as the federal tax credit 2021 are great examples of tools that make solar energy an affordable option for your home or business. The Investment Tax Credit (ITC) allows for reductions to the initial costs of purchasing and installing solar equipment. This program is available to both residential and commercial property owners. The ITC percentage varies by year and depends on when you will be installing and implementing your solar energy panels.
Residential Versus Business Investment Tax Credits
While there may be limitations on how long the ITC is available to residential customers, there is an initiative to continue to provide a tax credit to business owners installing solar. The solar tax credit for businesses is intended to encourage commercial property owners to invest in clean energy. This is part of California’s overall solar tax credit program and allows for significant returns on your energy investment.
Claiming the Solar Panel Tax Credit 2020 & 2021
At Christian Solar we’ve helped thousands of clients claim federal solar tax credit for 2020 and 2021. The first step is to schedule a complimentary consultation to confirm that your property is a good candidate for solar energy. Once your installation is estimated and booked we will have a detailed overview of the costs eligible for solar tax credits. From there you can complete the IRS Form 5965 and include any additional forms requested. The form includes a section for qualified solar electric property costs. Once the total amount of tax credits are determined within Form 5965 you can use this information on the Form 1040.
Eligibility for Solar Panel Tax Credits
In order to be eligible for the California solar tax credit and/or federal solar tax credits, you must fulfill a few requirements.The tax credit is associated with the costs of purchasing and installing solar energy. That means you must own (not lease) the solar panels. The California solar panel incentives for 2020 can only be applied to systems that are currently in service and providing energy. In addition, your solar panels must be installed and running according to local electrical and fire codes. Christian Solar will help ensure that your solar panel installation meets these safety regulations. The solar panel installation must be located within the United States and used by residents within the country. There may be additional considerations for your area and property type; get in touch with our team for additional information on solar panel tax credit eligibility.
Additional Savings for Solar Panels in California and Beyond
Solar tax credits for businesses and residential properties evolve every year. The Self-Generation Incentive Program (SGIP) may be an option to offset the costs of installing a solar battery. For clients in a low-income household, the Single-Family Affordable Solar Housing (SASH) may provide a huge California solar incentive based on the total amount of energy that is generated. Some cities across California also offer local utility rebates unique to the county. These rebates may include cash incentives or other perks that depend on the size, location, and type of solar panels you install. Ask our team about rebates and solar panel incentive programs specific to your area.
Finding the Right Solar Solutions for Your Budget
At Christian Solar we believe that every home and business should have access to affordable, clean energy. We work with a variety of financing firms and programs to help our clients install and run an energy-efficient system. Following your solar panel estimate we can provide an overview of the solar panel tax credits for 2020, 2021, and potential future years. In addition we can direct you to solar financing organizations that are designed to incentivise more property owners to invest in solar. Once your system is installed and running you can enjoy up to a 50% reduction in your energy bills. The solar panel system can also increase the value of your property and attract potential new renters to the facility.
About Christian Solar
Christian Solar is a licensed solar energy installer in California. Our team offers more than 25 years of experience with installing, financing, planning, and maintaining solar panel systems. Our mission is to help clients save money while affecting a positive change for the environment. Our contractors are certified by the California Contractors State License Board and operate according to all regional and state standards. Read more about our services or contact our team to learn more about our advanced solar solutions.