Just a reminder: Hawaii Pacific Solar ResidentialThe federal tax credit for solar and wind was extended for five years! The investment tax credit provides a tax credit of 30 percent of the value of solar projects. Under the new scheme, the 30 percent solar tax credit will extend through 2019 and then decline gradually to 10 percent in 2022. After 2022 the credit will be eliminated for residential solar installations and will continue at 10 percent for commercial ones.
The wind credit will apply to projects that have come online since the start of this year and will continue through 2019, gradually diminishing each year, before going away in 2020.