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: