What are the eligibility requirements for ITC?
To qualify for the Investment Tax Credit (ITC), you must meet certain criteria, including owning the solar system and using it for your own energy needs.
Are there specific types of solar systems that qualify?
Yes, both residential and commercial solar systems can qualify for the ITC, as long as they meet the necessary requirements.
Is there a deadline to apply for the ITC?
Yes, the ITC has specific deadlines based on when the solar system is installed. It's important to check the latest guidelines.
What percentage of the investment can I claim?
Currently, you can claim 26% of the total investment cost for systems installed before the end of 2022, with a gradual decrease thereafter.
Can I combine ITC with other incentives?
Yes, you can often combine the ITC with other federal, state, and local incentives, but it's best to check the specific rules for each.
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