Did you know you can receive up to a 30% tax credit on solar panel installations? There are several tax credits available for both residential and commercial properties, allowing you to save significantly on initial costs.

1.Residential Clean Energy Credit (For Residential)

• Claim a 30% credit on new clean energy property costs installed between 2022 and 2033.
• Eligible for homeowners in the United States who make energy-saving improvements.
• File Form 5695 with your tax return to claim the credit. Download the form here: https://www.irs.gov/pub/irs-pdf/f5695.pdf

For more information, visit the IRS website: https://www.irs.gov/credits-deductions/residential-clean-energycredit#:~:text=The%20Residential%20Clean%20Energy%20Credit,located%20in%20the%20United%20States.

2. Federal Investment Tax Credit (ITC) (For both home and business owners)

• Qualify for tax credits on depreciable or amortizable assets, including rehabilitation, energy, and advanced energy projects.
• File Form 3468 with your tax return to take advantage of these credits. Download the form here: https://www.irs.gov/pub/irs-prior/f3468–2022.pdf

For more information, check the IRS’s supplemental instructions: https://www.irs.gov/forms-pubs/supplemental-instructions-for-filing-form-3468

Additionally, installing solar panels can bring you state benefits, further reducing initial costs and increasing your property’s value. Start enjoying monthly utility savings today!

For a free estimate, call Everguard,  a community based solar & roofing company in New Mexico, at (505) 821-9543 or visit our website : https://everguardsolar.com for any inquiries. Don’t miss out on this fantastic savings opportunity!