Provides a temporary income tax credit for the purchase and installation of solar energy systems.
Provides a temporary income tax credit for the purchase and installation of solar energy systems. The credit is equal to the lesser of the applicable percentage of the solar energy system's purchase and installation costs or the maximum allowable credit. The credit phases down over time, starting at 15% for systems placed in service between December 31, 2024, and January 1, 2026, then 13% for systems placed in service between December 31, 2025, and January 1, 2027, and finally 11% for systems placed in service between December 31, 2026, and January 1, 2029.
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