Idaho Solar Tax Incentives
Anyone who lives in Idaho, knows there is an outpour of sunshine nearly every day of the year.
This makes for a great state for homeowners to go solar!
Idaho Solar Tax Credits, Incentives & Rebates
SOLAR SAVINGS & THEIR VALUE
Federal Solar Tax Credit (ITC) – 30% of the total cost of your solar equipment
Local Utility Solar Rebates – Varies Significantly (depending on the area you live in)
Other Programs Offered – Varies (Net Metering Not Offered)
Additional Rebates from your Local Utility
Due to the fact that Idaho does not have a statewide interconnection standard, the interconnection process is much less complex, and cheaper, too. This can be a definite benefit for homeowners to switch to solar, and for that switch to make even more financial sense.
Solar power rebates are incentives state governments offer in order to reduce the total cost of going solar. Idaho does not offer a statewide rebate. However, you can get a lump sum payment, or, your solar installer may take the amount off the final installed cost. Rebates require paperwork to be filed – installers will often offer to handle the paperwork for you.
As far as state tax credits are concerned, Idaho will offer residents a credit (taken directly off your tax payment) rather than as a deduction from your taxable income. You are able to claim the credit for your primary residence, a second home (vacation home), or for either a new construction or existing structure.
Federal Tax Credits
In addition to all of the solar incentives in Idaho, the Federal Government offers a 30% tax credit for the whole installed cost of your solar system. Don’t forget about this bonus, it’s just another reason to switch to solar today!