A complete system in place or service after January 1, 2006, and in service on or before December 31, 2021 for:
The federal tax credit is for solar expenditures (including equipment and installation costs) with no upper limit.
Please note that the federal solar panel tax rebate will end in 2021, and that the amount of tax credit one can receive decreases over the years.
If the federal solar tax credit exceeds tax liability, the excess amount may be carried forward to the succeeding taxable year. The excess credit may be carried forward until 2021, but it is unclear whether the unused tax credit can be carried forward after then.
**The above information is for educational purposes only and should not be construed as legal advice. Please consult a tax professional for more information.**
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