Renewable Energy Tax Credit - Osceola Energy

Soalr Tax Credits & Incentives

solar tax credits

FAQ Solar Tax Credit Questions

We have answers Call 505.850.8863
or email info@osceolaenergy.com

SOLAR INCENTIVES & SOLAR TAX CREDITS

Solar tax credits and incentives offered by the federal and state government range depending on two main factors; residential or commercial and what type of system you have installed; such as solar, or wind. Whether you are a home owner or a business owner Osceola Energy will help you take advantage of the government incentives and tax credits.

The Federal solar tax credit extension will gradually taper off with the following schedule:

  • 2017-2019: 30% solar tax credit
  • 2020: 26% solar tax credit
  • 2021: 22% solar tax credit
  • 2022 and beyond: 10% (non-residential and third-party-owned residential) or 0% (host-owned residential)

The bill also includes a "commence-construction" provision, allowing projects to come on-line by the end of 2023 and still qualify for larger credits. With the Solar tax credits and incentives tapering off in the next few years the best time to go SOLAR in NOW!

Other Residential New Mexico Solar Incentives include:

  • NO Gross Receipts Tax
  • Your Property Value Increases without Raising Your Property Tax
  • When Selling you can market your home as green and no electric bills!

 

FederalStateGrants and Bond ProgramsUtility Based Programs