Claim $6,000 Federal Tax Credit for Solar Panel Installation: Save Big on Energy Bills

Homeowners can claim a $6,000 tax credit covering 30% of the cost of solar panel installation.

Take Advantage of the Solar Federal Tax Credit

The federal government offers a $6,000 solar federal tax credit covering 30% of the total cost of a solar system installation, for homeowners who installed solar panels between 2006 and 2034. The credit can be claimed on the corresponding IRS filing and will gradually decrease to 26% in 2033 and 22% in 2034 before phasing out in 2035, according to the report of The US Sun.

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(photo: Marca.com)

the Federal Tax Credit and Save on Your Energy Bills

Homeowners can claim a $6,000 solar federal tax credit covering 30% of the total cost of a solar system installation, for systems installed between 2006 and 2034. The credit can be claimed on the corresponding IRS filing and will gradually decrease to 26% in 2033 and 22% in 2034 before phasing out in 2035.

To claim the credit, homeowners can download IRS Form 5695 and file it as part of their tax return. The credit can help reduce energy bills by up to $1,400 annually. With solar panel costs having dropped by over 50% in the past decade, installing solar panels is now a more affordable option. Don’t miss out on this opportunity to contribute to a more sustainable future – claim the federal solar tax credit until 2035.

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