Federal Tax Credit for Residential Solar Energy

• The Solar Investment Tax Credit (ITC) is a 26% tax credit in 2020 for solar systems on a residential home.
• The tax credit can be applied to the homeowner's personal income taxes. The credit can be rolled into future years if the homeowner can not claim the full amount in the current year.
• The credit will be phased out by 2022. In 2021, the credit will be reduced to 22%.

Residential Renewable Energy Tax Credit

• Federally, the Residential Renewable Energy Tax Credit is available to homeowners for solar, wind, geothermal and fuel-cell technology improvements.
• The credit is equal to 30% of the cost, including installation.
• For solar, wind and geothermal equipment there is no credit limit. For fuel cells the cap is $500 for each half-kilowatt of power capacity, or $1,000 for each kilowatt.

New York

• New York has 123 energy efficiency programs. These include commercial and residential programs and incentives.

Connecticut

• Connecticut has 77 energy efficiency programs. These include commercial and residential programs and incentives.

Rhode Island

• Rhode Island has 57 energy efficiency programs. These include commercial and residential programs and incentives.

Massachusetts

• Massachusetts has 99 energy efficiency programs. These include commercial and residential programs and incentives.