Tax Credits and Incentives
A valuable incentive for going solar is the federal tax credit. The federal tax credit is a government incentive for any U.S. citizen that installs a home solar system. The tax credit allows you to deduct a percentage of the home solar installation cost from your federal taxes. This tax credit applies to commercial or residential solar installations. Additionally, some states offer additional money-saving tax credits and incentives.1
See below to learn more about federal tax credit.
1. You may be eligible for a federal tax credit with the purchase of a solar system. To qualify for the tax credit, you must have federal income tax liability at least equal to the value of the tax credit. Additional tax credits may also be available for homeowners in certain states. Tax incentives are subject to change or termination by executive, legislative or regulatory action. Sunnova makes no guarantees regarding eligibility of any of the system’s costs for tax benefits. Sunnova does not provide tax advice. Contact your personal tax advisor for eligibility requirements.
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