Commercial ITC Benefits
Residential Customers Can Now Take Advantage of the Investment Tax Credit and Save BIG
2024 NEW PROGRAM AVAILABLE
How the Inflation Reduction Act Can Benefit You
Understanding Income Tax Credit Rebates
Seize the opportunity of the Investment Tax Credit (ITC) for qualified homeowners to claim a tax credit on solar system expenses. Act now to secure rates before year-end!
0
%
Standard ITC Until 2023 Plus Add-On Bonuses
0
%
For Project Materials Made In The USA
0
%
For Energy Community Properties
0
%
For Low-Income Communities
Qualifying properties enjoy rebates surpassing full project costs.
Commercial Solar Installation Example
30% Federal Renewable Energy Credit + 10% State Solar Incentive + 10% Local Renewable Energy Program
Project Details: Ground Mounted with Microinverters 695KW PV Solar System
Project Total Cost: $2,697,550
Renewable Energy Credit Percentage: 50%
Total Renewable Energy Credit: $1,348,775
Federal Grant: $768,802
State Rebate: $323,706
Total Incentives: $2441,283
Out of Pocket Cost: $256.267
Incentives Covering: 90.5% of Project Costs
Based on Federal Tax Income Bracket of 30% & State Income Tax of 7.5%
How it Works
We partnered with RETE to ensure you receive top-tier deals and expert advice directly from specialists.
What is Your Tax Bracket?
| Tax Rate | |
|---|---|
|
1% |
$0 – $11,000 |
|
12% |
$11,001 – $44,725 |
|
22% |
$44,726 – $95,375 |
|
24% |
$95,376 – $182,100 |
|
32% |
$182,101 – $231,250 |
|
35% |
$231,251 – $346,875 |
|
37% |
$346,876 + |
| Tax Rate | |
|---|---|
|
1% |
$0 – $10,412 |
|
2% |
$10,413 – $24,684 |
|
4% |
$24,685 – $36,959 |
|
6% |
$38,960 – $54,081 |
|
8% |
$68,351 – $349,137 |
|
9.3% |
$68,351 – $349,137 |
|
10.3% |
$349,138 – $418,961 |
|
11.3% |
$418,962 – $698,271 |
|
12.3% |
$698,272 – $999,999 |
|
13.3% |
$1,000,000 + |