Harrison Solar
  • Home
  • Residential Solar
  • Commercial Solar
  • Get A Quote
  • About Harrison Solar
  • Contact
  • About Solar
    • Battery Storage
    • Benefits of Solar
    • FAQ
    • Solar Tax Credits
    • Solar Equipment Warranty
    • Residential Savings
    • Solar Cheat Sheet
    • Solar Rebate Information
  • More
    • Home
    • Residential Solar
    • Commercial Solar
    • Get A Quote
    • About Harrison Solar
    • Contact
    • About Solar
      • Battery Storage
      • Benefits of Solar
      • FAQ
      • Solar Tax Credits
      • Solar Equipment Warranty
      • Residential Savings
      • Solar Cheat Sheet
      • Solar Rebate Information
Harrison Solar
  • Home
  • Residential Solar
  • Commercial Solar
  • Get A Quote
  • About Harrison Solar
  • Contact
  • About Solar
    • Battery Storage
    • Benefits of Solar
    • FAQ
    • Solar Tax Credits
    • Solar Equipment Warranty
    • Residential Savings
    • Solar Cheat Sheet
    • Solar Rebate Information

Solar Tax Credits

 State tax credits for installing solar PV generally do not reduce federal tax credits—and vice versa. However, when you receive a state tax credit, the taxable income you report on your federal taxes may be higher than it otherwise would have been because you now have less state income tax to deduct. (The Tax Cuts and Jobs Act of 2017 placed a $10,000 limit on state and local tax (SALT) deduction through 2025. Therefore, if a homeowner is still paying more than $10,000 in SALT after claiming a state tax credit, the state tax credit benefit would not effectively be reduced by the federal tax rate, as it would not impact federal taxes (due to the SALT limit).) The end result of claiming a state tax credit is that the amount of the state tax credit is effectively taxed at the federal tax level. 


 30% Tax credit for residential and commercial properties until 2032 (ROI = 5-6 years.) 

Schedule a Consultation

Harrison Solar by Solar Systems

Solar System Offices in Harrison Arkansas, Branson Missouri & Destin Florida

417-231-5277

Copyright © 2024 Harrison Solar - All Rights Reserved.

Powered by GoDaddy

This website uses cookies.

We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.

Accept