The U. S. government has supported the use of solar power for several years with a federal tax credit. The federal solar investment credit (ITC) promotes current and future energy solutions. Many states also have solar tax incentives.
There is a 30% federal business energy tax credit and a federal accelerated depreciation program. In addition, the State of Hawaii has a 35% renewable energy tax credit program and a State of Hawaii accelerated depreciation program.
- 30% Federal Business Energy Tax Credit
- 35% State of Hawaii Renewable Energy Tax Credit
- Federal and State Accelerated Depreciation
Contact your tax professional to confirm any federal and state tax incentives that may be, or will become, a part of your solar energy financing solutions.