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Are there any tax benefits to having a solar electric system?

April 26, 2017Benefits electric solar system tax

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Are there any tax benefits to having a solar electric system?

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Yes! Commercial – 30% tax credit (uncapped) – 5 yr accelerated depreciation Residential – 30% tax credit (capped at $2,000) Solar Energy Industries Association (SEIA.org) has been working with the IRS to obtain formal guidance on these issues and you can go their website to learn more on the New Federal Solar Tax Credits. However, we can not offer tax advice and would suggest you check with a tax professional.