Here are the rates for the federal solar tax credit for2022 and beyond
- For solar energy systems that begin construction before January 1, 2022, the tax credit is equal to 26% of the cost of the system.
- For solar energy systems that begin construction between January 1, 2022, and December 31, 2022, the tax credit is equal to 22% of the cost of the system.
- For solar energy systems that begin construction between January 1, 2023, and December 31, 2023, the tax credit is equal to 10% of the cost of the system.
- After December 31, 2023, the tax credit will no longer be available for residential customers, but commercial customers will still be eligible for a 10% tax credit.
It’s important to note that the tax credit is based on the date of construction, not the date of installation or when the system becomes operational.
