There’s some exciting news about residential renewable energy! The 26 percent Solar Tax Credit was extended by Congress and signed into law until 2022. As a result, renewable energy remains the most cost-effective source of energy for homeowners.
federal solar tax
How does the federal solar tax credit work? You can claim a federal tax credit on your total project cost if you want to invest in solar energy. Besides this, you can also get a liability claim on your solar investment. According to Energy policy act, the federal solar tax credit is 26% in 2020.