Yes. The investment tax credit (ITC), also known as the federal solar tax credit, is a federal tax incentive that allows individuals to claim 30 percent of the cost of installing a solar energy system as a tax credit. The 30 percent tax credit will expire on December 31, 2025. 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.
