2024 Tax Credits For Solar. 30% of cost, up to $2,000 per year : This means that if your solar system costs $10,000, you could reduce your federal tax bill by $2,600.
It offers $0.20 per watt for residential projects and $0.10 per watt for commercial ones, with a $100,000 cap per project until the end of 2024. For tax years 2022 to 2032, you can get a credit for up to 30% of the expense of installing solar panels;