26% Federal Solar Tax Credit has been extended.
This week, the Federal Government passed a bill extending the 26% solar investment tax credit (ITC) for two more years.
Under this new bill, residential, commercial, industrial, and utility-scale solar projects installed in 2021 and 2022 will be eligible for 26% tax credit. This number will drop down to 22% for solar projects in 2023, and disappears completely for residential installs beginning in 2024