Federal Investment Tax Credit (ITC)

Note: Renewable Innovations does not offer tax services. We help identify which parts of your system may qualify for the ITC and provide a breakdown to share with your tax professional. You should always consult a licensed tax advisor when filing for federal tax credits.
 
Federal Solar Tax Credit – Claim 30% Back on Solar, Batteries, and Smart Energy Upgrades
 
The Federal Solar Investment Tax Credit (ITC) allows homeowners and businesses to claim 30% of the total cost of a solar energy system as a credit on their federal income taxes. This includes solar panels, inverters, battery storage, and related electrical or installation work.
 
The credit is available through 2032 at the full 30% rate, after which it will begin to decrease unless extended. Systems must be owned (not leased or under a PPA), and the credit can be rolled over to future tax years if not fully applied in one year.
 
What’s Eligible:
Solar panels (PV modules)
Standalone or paired battery storage
Inverters and system monitoring hardware
Electrical panel upgrades required for solar
Racking, conduit, and other system components
Labor, permitting, and engineering costs
Sales tax (in states where applicable)
 
Who Qualifies:
U.S. taxpayers who own their solar or battery system
Residential and commercial property owners
Off-grid properties and remote installations
 
Expiration Timeline:
2022–2032: 30% credit
2033: 26% credit
2034: 22% credit
2035: 0% (unless extended)
 
Claim Process:
File IRS Form 5695 (residential)
File IRS Form 3468 (commercial)
Work with a qualified tax advisor to confirm eligibility and apply the credit