5 THINGS YOUR BUSINESS SHOULD KNOW ABOUT THE INVESTMENT TAX CREDIT FOR SOLAR (ITC) Breadcrumb Home The Baker Blog / 5 Things Your Business Should Know about the Investment Tax Credit for Solar (ITC) HOME WHAT WE DO PROJECTS ABOUT CAREERS BLOG CONTACT GET A SOLAR QUOTE 5 THINGS YOUR BUSINESS SHOULD KNOW ABOUT THE INVESTMENT TAX CREDIT FOR SOLAR (ITC) By BAKERTEAM on 14 SEP 2020 11:09 PM 0 comments The Investment Tax Credit (ITC) is a 26% federal tax credit for solar systems, energy storage and microgrids on commercial properties. This is a dollar-for-dollar reduction on your income taxes, given by the IRS. The tax credit is a substantial rebate on the the cost of your solar system. (The average 300 kW commercial solar system typically results in a $162,000 to $225,000 credit!) This credit won’t last forever – over the next 2 years it will be reduced to just 10%. Just 5% down on your solar, energy storage, or microgrid system in 2021 qualifies your business for the FULL 26% tax credit. Choosing to Go Solar is by far the best financial decision you can make for your business in 2021. The Federal Investment Tax Credit or ITC takes 26% off the cost of your solar system but only through 2022. That is a savings of $162,000 to $225,000 on an average 300kW system! A small amount down on a Baker Electric renewable energy/solar solution in 2021, will qualify your business for the full 26% tax credit. Every year thousands of qualified Southern California business owners miss out on this financial windfall just by not knowing what it is or how it can benefit their business - Don't let yours be one of them Get a FREE quote on a commercial solar system for your business or organization and get back to focusing on growing your business and not on overhead. or call (760) 690-5010 for your free assessment QUICK LINKS About Privacy Policy & Terms Contact Careers Projects Blog What We Do Commercial Solar Construction Services & Special Projects Renewables EV Charging Tenant Improvement Systems Infrastructure Residential Services LATEST TWEETS Loading tweets... CONTACT US Baker Electric Headquarters 1298 Pacific Oaks Place Escondido, CA 92029 760.745.2001 phone 760.745.3610 fax Baker Electric Los Angeles 6300 Katella Ave Cypress, CA 90630 877.678.8080 760.646.6000 Baker Electric Corona 1385 Old Temescal Road Suite 250 Corona, CA 92881 Baker Electric Home Energy 2120 Harmony Grove Road Escondido, CA 92029 877.578.8080 760.546.6000 bakerhomeenergy.com ABOUT BAKER In 1938, Leroy Baker founded a simple electrical business focused on rewiring household appliances and performing other home-based energy needs. Decades later, Baker Electric is widely recognized and respected as one of Southern California’s leaders for its innovative and comprehensive portfolio of electrical contracting and Renewables solutions. © 2020 Baker-Electric All Rights Reserved | CA License #161756 – A, B, C7, C10, C46 & NV #0083656 – C2