Happy New Year to You and Your 2021 Solar Plans!

The latest COVID-19 Stimulus Bill has extended the ITC tax credit for installed solar at your home and business! This means that you get a credit of 26% of the total cost of your solar off of your 2021 income tax bill instead of having it reduced to 22%. For a typical residential system, the credit can be $7500 off of your taxes, and for a commercial system, the credits are much larger and include 100% depreciation in the year it is installed! For a full financial analysis of how solar can impact your bottom line, give Lighthouse a call at 937-709-0098 or click HERE to send us a message.

For more information on the details of the tax credit, check out this National Law Review article and the SEIA’s Solar ITC 101 Fact Sheet.

Happy New Year from your friends at Lighthouse Power Partners — we are looking forward to helping you join the new energy economy in 2021!