Yes. The investment tax credit (ITC), also known as the federal solar tax credit, allows you to deduct 30 percent of the cost of installing a solar energy system from your federal taxes. The 30 percent tax credit will be available until 2033, at which point it will drop to 26 percent. The ITC applies to both residential and commercial systems. There is no cap on its value, and the average savings is approximately, $6,150 according to the U.S. Department of Energy. Consult with an accountant to determine your full tax credit potential.
