Solar Tax Credits
Currently there is a Federal Tax Credit for most Solar Thermal systems. The credit is redeemed by the customer when filing their tax return at the end of the year:
- Residential = 30% of the installed system cost with no maximum
- Commercial = 30% of the installed system cost with no maximum
Criteria:
- The system must offset over 50% of the building's annual hot water load
- Pool and hot tub systems are excluded from rebate
- Components must be certified by the Solar Rating and Certification Corporation (SRCC)