Federal Government Begins Step-Back of Solar Energy Incentive

2018 brought rising SREC prices for solar owners in Pennsylvania with the recent closure of the state’s SREC borders. This, coupled with decreasing installation costs make solar energy an attractive renewable alternative. However, 2019 is the last chance to take advantage of the full Solar Incentive Tax Credit (ITC). Since 2006, the ITC offers homes and businesses a 30% tax credit for installing their system. This dollar-for-dollar credit reduces the income taxes a person or company would pay to the federal government, cutting the cost of a solar system by nearly a third.