Calculate the federal Investment Tax Credit (ITC) for solar PV installations based on system cost and qualifying criteria.
Input Parameters
Results
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Base ITC Amount
$
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Total Bonus Amount
$
--
Total Tax Credit
$
--
Effective ITC Rate
%
Note: The IRA extended the ITC at 30% through 2032. Bonus adders for domestic content (10%) and energy communities (10%) can stack. Prevailing wage/apprenticeship requirements apply for systems >1 MW.
Reference
Base ITC = Total Cost x ITC Rate
Domestic Content Bonus = Cost x Bonus %
Energy Community Bonus = Cost x Bonus %
Total Credit = Base ITC + All Bonuses
Effective Rate = Total Credit / Cost x 100