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ITC Tax Credit

What is the itc tax credit?

A tax credit is a dollar-for-dollar reduction in the amount of income tax you would otherwise owe.

Example: Claiming a $1,000 federal tax credit reduces your federal income taxes due by $1,000.

40% ITC Tax Credit

What expenses does the ITC Tax Credit Apply to?

Solar PV Panels

  • Labor: Installation, site preparation.
  • Fees: Permitting, Inspection, Developer
  • Balance of System Components: Wiring, Racking, Inverters.
  • Energy Storage Systems: Rated greater than 3kWh’s Sales Tax
Base Credit
Base Credit 30%
Domestic Content Bonus
10%
Energy Community Bonus
10%
LMI Communities or Native Land
10%
Qualified Low-income residential
20%
Total 80%

What about the Labor Requirements for Prevailing Wage for the 40% Domestic Content?

Solar projects with a maximum net output under 1MW (AC) have no prevailing wage requirement.

Under section 48(a)(9)(B)(i), projects that have a max net output of less than 1MW (measured in AC) are deemed to satisfy the
prevailing wage and apprenticeship requirements under 48(a)(9)(B)(iii). As a result, such “small energy projects” are generally
available for the 5x multiplier bonus credit rate available under section 48(a)(9)(A)(i).

Why Do TSI Modules qualify for 40% vs 30%

How To Buy

FOR FOREIGN MADE PV MODULES.

  • TSI modules meet all Domestic Content qualifiers by the U.S. Fed Government.
  •  100% manufactured in the U.S.
  •  All semi-conductor materials (CdTe) manufactured under the same roof as our modules in Perrysburg/Toledo Ohio. We import no cells, wafers, aluminum, wires, junction boxes etc.