Tax Credits for Solar Energy & Battery Storage.
Federal Tax Credit.
The federal government is incentivizing home and business owners to go solar. The Federal Income Tax Credit is valued at 30% (2022-2032) of your total solar system cost. A tax credit is a dollar-for-dollar reduction of the income tax you owe. If you can’t use the full value in one year, you can roll over the remainder to next year.
In addition to the Federal Income Tax Credit, Duke Energy and some other utilities offer local solar rebate programs. Click here to learn more.