Renewable Electricity Production Tax Credit (PTC)

solar-rebates-and-incentives

Program Renewable Electricity Production Tax Credit (PTC)
Category Financial Incentive
Implementing sector Federal
Last Update
State Federal
Administrator U.S. Internal Revenue Service
Website http://www.irs.gov/pub/irs-pdf/f8835.pdf
Budget -
Start Date
Technologies Solar Thermal Electric, Solar Photovoltaics
Sectors
Summary

Under the Bipartisan Budget Act of 2018, the renewable energy tax credits for fuel cells, small wind turbines, and geothermal heat pumps now feature a gradual step down in the credit value, the same as those for solar energy systems

Tax Credit: 

  • 30% for systems placed in service by 12/31/2019
  • 26% for systems placed in service after 12/31/2019 and before 01/01/2021
  • 22% for systems placed in service after 12/31/2020 and before 01/01/2022

Expires:  December 31, 2021

Details:  Existing homes and new construction qualify.  Both principal residences and second homes qualify. Rentals do not qualify. 

Add new comment