In 2020 the 30% Federal Tax Incentive was reduced to 26%, where it will remain through 2023. For homeowners with income tax liabilities, the solar tax credit can deliver substantial savings off the total system cost.
If you’re considering adding solar panels to your home, it makes the most financial sense to do it with the highest available tax credit. If you do not pay income taxes you are not eligible for the 26% tax credit, but there are other programs available that allow you to go solar at an affordable rate.