What is the 2021 Tax Credit for Solar?
Currently, as of this writing, the federal tax credit for solar is still available to consumers in the amount of 26%. This credit is scheduled to be reduced to 20% in 2022. Obviously, this is a very good time to buy solar.
I’m often asked if a homeowner is doing the solar and roof job at the same time, can the tax credit be applied to both the roof and the solar.
Honestly, like a lot of confusing tax questions, we strongly recommend that your tax questions should always be answered by your tax professional. No roofing or solar contractor is is qualified to give tax advice!I believe that the last thing anyone wants to do is draw a “red flag” for the IRS.
Please rely on Raneri and Long Roofing and Solar for honest answers to your questions.