Solar Power Pump Tax Credit
For a Simple Pump solar-powered pump system, there is a renewable energy tax credit that has a gradual step-down in credit value.
- 30% for systems placed in service by 12/31/2019
- 26% for systems placed in service after 12/31/2019 and before 01/01/2021
- 22% for systems placed in service after 12/31/2020 and before 01/01/2022
For details, please contact your accountant.