Now Is the Time
Soon, the federal government will begin cutback on its 30% tax credit incentive. The credit steps down in value over the next few years, until it disappears completely for residential customers. The tax credit plays a major part in the return on investment, and the good news is that members have until the end of this year to capitalize on the full 30% credit.
Here's the value of the federal tax credit by year:
- 2018: 30%
- 2019: 30%
- 2020: 26%
- 2021: 22%
Learn more about Provident's Solar Loan, the rate, tax incentives, and how to apply.
