The Federal ITC is 26 percent of your gross solar investment project. If a system’s gross amount is $10,000, then the ITC amount is equal to a $2, 600 tax credit. (26%) The credit is a dollar-for-dollar reduction on income tax owed.
The “gross” system cost can include electrical work needed for installation, or any needed improvements for the solar system to be facilitated.
We recommend that you consult a financial advisor or accountant to determine if an energy storage investment ITC is suitable for you.