30% Federal Investment Tax Credit (ITC)
Homeowners and businesses across the nation may claim a tax credit of 30% of the cost of a solar system installed on their property. Costs may include labor, assembly or original system installation, and electrical labor to connect the system to the structure’s service main. If the credit earned by the system exceeds a single year’s tax liability, the excess credit may be carried forward to the following taxable year. Currently the federal ITC is set to expire December 31, 2016.