2024 Tax Credits For Solar Panels. The average cost of installing solar panels in california ranges from $2.50 to $3.45 per watt. In 2024, homeowners purchasing a solar energy system may be able to claim a tax credit worth up to 30% of project costs.
The federal solar investment tax credit (itc) offers a direct reduction in taxes owed as an incentive for installing a new solar energy system. In 2022, president biden signed the inflation reduction act, which extended solar tax credits through 2034.
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