Idaho Solar Incentives
Now is a great time to go solar in Idaho! Our team will help you navigate the latest solar updates to capture the best value for your project.
Federal Solar Incentive
The Federal Solar Investment Tax Credit (ITC) is valued at 26% of your total solar power system cost through 2022 for residential and commercial properties. This credit is used when residential homeowners or commercial businesses purchase solar systems and have them installed. This means that you'll receive a tax credit of 26% of your system's cost.
If you add a battery backup like the Tesla Powerwall to your solar system, it also qualifies for the Federal Investment Tax Credit of 26 percent.
The Solar ITC will phase down every year: the Solar ITC drops to 22% in 2023; then, in 2024 the residential solar tax credit will be phased out and the commercial tax credit will drop to 10%. So take advantage of this Solar ITC now!
Contact Creative Energies at 208.354.3001 or info@CEsolar.com today for the latest solar incentives in your area.
Idaho Residential Alternative Energy Tax Reduction
Idaho residents may qualify for a tax deduction of 40% of the cost of their solar in their first year, and 20% for the following three years. The minimum deduction is $5000, and has a maximum of $20000.
The deduction for full year residents is calculated on the Idaho Supplemental Schedule 39R, section B, with the result transferred to Idaho Form 40. For part year and non-residents of Idaho, the deduction is calculated on Idaho Form 39NR, section B, with the results transferred to Idaho Form 43. The tax forms and instructions for Idaho residents can be found here.
You should check with a tax adviser to make sure you can claim the entire value of solar tax credit(s).