29 Mar '18, 1pm

Tax Day is quickly approaching! Eligible #solar consumers, don't let the ITC slip your mind when filing. Release:

WASHINGTON, D.C. - With April 15 quickly approaching, the Solar Energy Industries Association (SEIA) is reminding eligible solar consumers to claim the 30 percent Investment Tax Credit (ITC) on their federal tax returns and urging them to take care when seeking professional tax advice. Consumers who purchased a solar system and installed it on their home in 2017 may be able to claim a 30 percent federal income tax credit under Section 25D of the internal revenue code. Commercial entities are eligible to claim a credit under Section 48 of the code. “It’s important for eligible solar owners to remember the ITC when filing their taxes,” said Abigail Ross Hopper, SEIA’s president and CEO. “At tax time, we encourage solar consumers to work with a tax professional to ensure their tax benefits are claimed and filed correctly.” The tax credit, a dollar-for-dollar reduction against...

Full article: https://www.seia.org/news/ahead-tax-day-seia-reminds-cons...

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