The solar tax credit, also known as the solar investment tax credit (ITC), is a federal tax credit that reduces the cost of installing a solar energy system. The ITC is available for both residential and commercial solar installations and can be claimed on federal income taxes. The ITC was first introduced in 2006 and has been extended several times since then. It is currently scheduled to expire in 2025.
The ITC has been a major driver of the growth of the solar industry in the United States. It has helped to make solar energy more affordable and accessible for homeowners and businesses. The ITC has also created jobs and stimulated economic growth.