Investment Tax Credit: Save on renewable energy properties

Eco-Conscious Projects.
Even More Savings.

Project owners, government, and tax-exempt organizations are eligible for the energy investment tax credits for installing qualified energy property and can receive a base credit worth 30% of the project cost.

What is the Investment Tax Credit (ITC)?

The Investment Tax Credit (ITC) is designed to incentivize the installation of renewable energy property by allowing taxpayers to claim a federal credit. In addition, government and tax-exempt organizations can benefit through the elective pay program.

Eligible Energy Property

Solar Property

Geothermal Property

Small Wind Energy Property

Waste Energy Recovery Property

Energy and Thermal Storage Technology

Biogas Property

Microgrid Controllers

Combined Heat and Power Technology

Advantages of the ITC:

Financial savings at the completion of the project
30% base credit for property under 1 MW or meeting prevailing wage & apprenticeship requirements
Up to 10% add-on credits for projects that meet domestic content, energy community, or low income community requirements
Elective Pay (Direct Pay) for government and tax-exempt organizations
Eligible property reclassified to 5-year MACRS depreciation
Credits can be transferred or sold

Ready to Go Green and Save Green?

If you’re curious to see if you’re eligible, our team is standing by!

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