EnergyPal

Buyer's Guide 2024

Residential Renewable Energy Tax Credit

Solar & Battery Regulation & Incentive Programs

Program Overview

Category
Financial Incentive
Program Type
Personal Tax Credit
Implementing Sector
Federal
State
Federal
Eligible Storage Technologies
Solar Water Heat, Solar Photovoltaics, Biomass, Geothermal Heat Pumps, Wind (Small), Fuel Cells using Renewable Fuels
Website
http://www.energystar.gov/taxcredits
Incentive Amount
26%
Maximum Incentive
Solar-electric systems placed in service after 2008: no maximum
Solar water heaters placed in service after 2008: no maximum
Equipment Requirements
Solar water heating property must be certified by SRCC or a comparable entity endorsed by the state where the system is installed. At least half the energy used to heat the dwelling's water must be from solar.
Carryover Provisions
Excess credit generally may be carried forward to next tax year
Administrator
U.S. Internal Revenue Service
Applicable Sectors
Residential
Budget
Start Date
01/01/2006
End Date
12/31/2023
Last Updated
03/15/2021
Funding Source

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