Going solar is more affordable today than ever, but it still requires a significant upfront investment. The average six-kilowatt solar energy system costs between $16,000 and $22,000. Fortunately, there are lots of incentives and rebates to help you pay for the installation.
The federal Investment Tax Credit (ITC)
At the federal level, you’ll qualify for the federal solar Investment Tax Credit (ITC). In 2021, the ITC will provide a 26% tax credit on your installation costs, provided that your taxable income is greater than the credit itself.
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