26% Federal Solar Tax Credit has been extended through 2021 and 2022.
Eligible for 26% federal tax credit
In late December, the Federal Government passed a bill extending the 26% solar investment tax credit (ITC) for two more years.
Under this new bill, residential, commercial, industrial, and utility-scale solar projects installed in 2021 and 2022 will be eligible for a 26% tax credit.
This number will drop down to 22% for solar projects in 2023, and disappears completely for residential installs beginning in 2024.
Under these laws VELUX Solar Powered Fresh Air Skylights, VELUX Fresh Air Skylights with Go Solar and VELUX Fixed Skylights with Go Solar as well as VELUX residential rigid Sun Tunnel® with the solar night light, and VELUX Solar Powered Blinds qualify under “Solar Electric Property” expenditures when purchased and installed from January 1, 2009 through December 31, 2022.