Hi Piyushkumar,
Great question! I took a look at the DOE's Homeowner's Guide to the Federal Tax Credit for Solar Photovoltaics
"The installation of the system must be complete during the tax year.
Solar PV systems installed in 2020 and 2021 are eligible for a 26% tax credit. In August 2022, Congress passed an extension of the ITC, raising it to 30% for the installation of which was between 2022-2032. (Systems installed on or before December 31, 2019 were also eligible for a 30% tax credit.) It will decrease to 26% for systems installed in 2033 and to 22% for systems installed in 2034. The tax credit expires starting in 2035 unless Congress renews it.
There is no maximum amount that can be claimed."
ASES also just created steps to claim your solar tax credit here.
I hope this helps! Thank you!
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Ella Nielsen
Membership & Engagement Manager
American Solar Energy Society
Boulder CO
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Original Message:
Sent: 03-14-2023 06:40 AM
From: PIYUSHKUMAR ENGINEER
Subject: Federal ITC for year 2022
Hello everyone,
my solar system installed in January 2022, but I made a contract with my installer in November 2021, am I eligible for federal ITC in the year 2022? Thank you.
Piyush.
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PIYUSHKUMAR ENGINEER
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