The Federal ITC solar tax credit is a guaranteed federal tax credit program for solar PV as well as other renewable energy projects. The program has recently been extended to the year 2032 and is calculated as 30% of the total system cost with no limit on system cost. An additional 10% will awarded to commercial and industrial projects that use US Manufactured products. Through this program clients who purchase a solar PV system will be guaranteed a federal tax credit based on the cost they pay for their solar system. An average solar PV system costing $20,000 would therefore be applicable for a federal tax credit of $5,200. We strongly advise clients to seek guidance from a tax professional to find out how the credit can help them.