The Federal government has just recently increased the investment tax credit from 26 to 30 percent. The credit has also been extended ten years to stimulate massive investment in renewable energy projects.
Historically the guaranteed return on investment has exceeded 15%.
The solar Investment Tax Credit is now 30%.
You may chose to deduct the cost of the solar farm installation (minus one half of the ITC) during the first year or spread the deduction over five years.
Many elect to start with the minimum $5,000 investment to own a solar farm fractional interest. There is no definite maximum however we are limited somewhat by real estate and material supply. The average investment is currently roughly $50,000.
Expert Solar Farms Business Development Managers are an excellent source of information. You should also review your current income, your tax obligations and conduct searches for information online. We have posted additional resources below to help you make an informed, brilliant investment.
Yes. The Inflation Reduction Act added new provisions that allow the transfer of incentive tax credits beginning in 2023.
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