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    Sun’s Setting on Solar Tax Incentive
    Nicole Renaux
    • Nov 1, 2019

    Sun’s Setting on Solar Tax Incentive

    If you’re considering solar panels for your home, the time to move forward with planning and installation might be sooner rather than later. The federal Solar Incentive Tax Credit will phase out over the next two years. This significant credit has historically provided a 30% credit on your tax bill for the cost of installing a residential solar panel (PV), based on the year construction commences. Beginning in 2020, this credit drops down to 26%, then to 22% in 2021, before d