The federal investment tax credit is a capital investment tax credit that is earned when renewable energy equipment is placed into service.

Essentially, investment tax credits are subsidies for the investment in renewable energy, resulting in the support of energy conservation, pollution control, or various forms of desirable economic development.

These tax credits are structured to reward and encourage economic growth.

Until December 31, 2019, the amount of the tax credit equalled 30% of equipment and construction costs of the renewable energy facility such as fuel cells and solar energy systems {PV}.  There is also a 10% ITC for geothermal energy. Currently, the credit is equal to 26% of equipment and construction costs.

Types of Renewable Energy Eligible for the ITC:

  • Solar Energy (pV panels)

  • Wind Energy

  • Geothermal Energy

  • Biomass

  • Hydroelectric

  • and more

View our resources for valuable information on:

  • Brownfields Tax Credits

  • Historic Tax Credits

  • Investment Tax Credits

  • And much more!

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