Tax Credit Info

<p> </p>  <article> <section class="banner"> <img src="https://solatube.com/wp-content/uploads/2021/02/Tax_Credit.jpg" alt="Solatube Tax Credits - Get the credit you deserve" /> <h1>Tax Credits</h1> <p>Get the credit you deserve for making smart, energy-wise decisions.</p> </section> <section class="container wysiwyg-editor"> <div class="wysiwyg-content"> <p>Installing qualifying Solatube products can earn you a federal tax credit on the cost of the product and installation. Read below for details on eligible products, credit amounts, and how to claim your credit.</p> <h2>How to Claim Your Tax Credit</h2> <p>Claiming your federal tax credit is straightforward. You'll need:</p> <ol> <li>Your receipt for the purchase and installation of the qualifying product.</li> <li>The appropriate Manufacturer's Certification Statement (see links below).</li> <li>To file <a href="https://www.irs.gov/forms-pubs/about-form-5695" target="_blank" rel="noopener">IRS Form 5695, Residential Energy Credits</a> with your federal taxes. Enter the cost of the product and installation on line 1: Qualified solar electric property costs.</li> </ol> <p><strong>For more information about the Residential Clean Energy Credit and how you may qualify, visit the IRS website: <a href="https://www.irs.gov/credits-deductions/residential-clean-energy-credit" target="_blank" rel="noopener">Residential Clean Energy Credit Information</a>.</strong></p> <hr /> <h2>Eligible Products</h2> <p>Solatube International, Inc. certifies that the following products qualify for federal energy tax credits:</p> <ul> <li>Solatube IS<em>n</em> Systems (160 IS<em>n</em> and 290 IS<em>n</em> Daylighting Systems) when integrated with a Solar Electric Nightlight OR a Solar-Powered Daylight Dimmer.</li> <li>Solar Star Solar Powered Attic Fans and Solar-Powered Garage Fans.</li> <li>All models of Solatube Solar Operable Skylights.</li> </ul> <h4>What is excluded?</h4> <p>The federal tax credit applies only to the cost of qualified Solatube products and their installation. Accessories and add-ons, such as separate Light Kits or Ventilation Kits, are excluded.</p> <h3>Specifics for Solar Star Attic Fans</h3> <p>All Solar Star Attic Fans are considered residential photovoltaic systems. However, IRS Notice 2013-70 clarified that only the electricity-producing portion qualifies for the credit.</p> <ul> <li>The electricity-producing solar panel and related components represent 70% of the overall cost of the Solar Star unit.</li> <li>Therefore, 70% of the total sales price (product + installation) is eligible for the tax credit.</li> <li>This applies to both standard installations and DIY Kits (roof and interior mount).</li> </ul> <hr /> <h2>Tax Credit Rates & Expiration (Residential Clean Energy Credit)</h2> <p>The Inflation Reduction Act reinstated and extended the federal tax credit for residential solar installations under the "Residential Clean Energy Credit".</p> <ul> <li><strong>30% Tax Credit:</strong> For systems placed in service January 1, 2022, through December 31, 2032.</li> <li><strong>26% Tax Credit:</strong> For systems placed in service January 1, 2033, through December 31, 2033.</li> <li><strong>22% Tax Credit:</strong> For systems placed in service January 1, 2034, through December 31, 2034.</li> <li><strong>0% Tax Credit:</strong> For systems placed in service January 1, 2035, or later.</li> </ul> <p>There is currently no maximum cap on the amount of credit you can claim for residential photovoltaic systems placed into service under these guidelines.</p> <hr /> <h2>Frequently Asked Questions (FAQ)</h2> <h4>What's the difference between a tax deduction and a tax credit?</h4> <p>A tax deduction reduces your taxable income, while a tax credit directly reduces the amount of tax you owe. Tax credits are generally more beneficial. You can carry forward any excess unused credit to apply in future tax years.</p> <h4>Do products installed in my second home or rental property qualify?</h4> <p>Qualifying installations in existing homes, new construction, primary residences, and secondary residences (like vacation homes) are eligible. Rental properties do not qualify.</p> <h4>Are Solar Star products eligible even though they aren't ENERGY STAR® rated?</h4> <p>Yes. An ENERGY STAR rating is not required for eligibility under the photovoltaic system tax credit program.</p> <h4>Does a product with an ENERGY STAR rating automatically qualify for federal tax credits?</h4> <p>Not necessarily. While many ENERGY STAR products qualified for past credits, eligibility requirements can change. Always refer to the current IRS guidelines and Manufacturer's Certification Statements. Visit <a href="https://www.irs.gov" target="_blank" rel="noopener">www.irs.gov</a> or consult a tax professional.</p> <h4>Are there local incentives available?</h4> <p>Possibly. Many state and local utilities offer additional rebates or incentives. Check these resources:</p> <ul> <li>ENERGY STAR Rebate Finder: <a href="https://www.energystar.gov/rebate-finder" target="_blank" rel="noopener">www.energystar.gov/rebate-finder</a></li> <li>Database of State Incentives for Renewables & Efficiency (DSIRE): <a href="https://www.dsireusa.org/" target="_blank" rel="noopener">www.dsireusa.org</a></li> <li>Energybot Incentives: <a href="https://www.energybot.com/incentives.html" target="_blank" rel="noopener">www.energybot.com/incentives.html</a></li> <li>Your state energy office website.</li> </ul> <hr /> <h2>Manufacturer Certification Statements</h2> <p>You will need the certification statement corresponding to the year your product was placed in service.</p> <h4>Current Year Certification:</h4>  <p><a href="https://solatube.com/wp-content/uploads/2024/01/Manufacturer-Certification-Statement_2024.pdf" target="_blank" rel="noopener">2017-2024 Manufacturer Certification Statement All Eligible Products</a></p>   <h4>Past Year Certifications:</h4> <ul> <li><a href="https://solatube.com/wp-content/uploads/2024/01/Manufacturer-Certification-Statement_2024.pdf" target="_blank" rel="noopener">2017-2024 Certification Statement All Eligible Products</a></li> <li><a href="https://solatube.com/wp-content/uploads/2023/01/Manufacturer-Certification-Statement_2023.pdf" target="_blank" rel="noopener">2017-2023 Certification Statement All Eligible Products</a></li> <li><a href="https://solatube.com/wp-content/uploads/2021/12/Manufacturer-Certification-Statement_2022.pdf" target="_blank" rel="noopener">2017-2022 Certification Statement All Eligible Products</a></li> <li><a href="https://solatube.com/wp-content/uploads/2021/02/Manufacturers-Certificate-Statement_All-Products.pdf" target="_blank" rel="noopener">2017-2021 Certification Statement All Eligible Products</a></li> <li><a href="https://solatube.com/wp-content/uploads/2021/02/Manufacturer-Certification-Statement_Daylighting-Systems.pdf" target="_blank" rel="noopener">Manufacturer Certification Statement Daylighting Systems (Pre-2021)</a></li> <li><a href="https://solatube.com/wp-content/uploads/2021/02/2017-2020-Certification-Statement_SS.pdf" target="_blank" rel="noopener">2017-2020 Certification Statement for Solar Star Fans</a></li> <li><a href="https://solatube.com/wp-content/uploads/2021/02/2017-2019-Certification-Statement_160ISn.pdf" target="_blank" rel="noopener">2017-2019 Certification Statement for IS<em>n</em> Systems</a></li> <li><a href="https://solatube.com/wp-content/uploads/2021/02/2017-2019-Certification-Statement_SS.pdf" target="_blank" rel="noopener">2017-2019 Certification Statement for Solar Star Fans</a></li> <li><a href="https://solatube.com/wp-content/uploads/2021/02/2017-2018-Certification-Statement_160ISn.pdf" target="_blank" rel="noopener">2017-2018 Certification Statement for IS<em>n</em> Systems</a></li> <li><a href="https://solatube.com/wp-content/uploads/2021/02/2017-2018-Certification-Statement_SS_0.pdf" target="_blank" rel="noopener">2017-2018 Certification Statement for Solar Star Fans</a></li> <li><a href="https://solatube.com/wp-content/uploads/2021/02/Certification-Statement_160ISn_2016.pdf" target="_blank" rel="noopener">2016 Certification Statement for IS<em>n</em> Systems</a></li> <li><a href="https://solatube.com/wp-content/uploads/2021/02/2016_-Manufacturers_certification.pdf" target="_blank" rel="noopener">2016 Certification Statement for Daylighting Systems</a></li> <li><a href="https://solatube.com/wp-content/uploads/2021/02/2016-Certification-Statement_SS.pdf" target="_blank" rel="noopener">2016 Certification Statement for Solar Star Fans</a></li> <li><a href="https://solatube.com/wp-content/uploads/2021/02/2015-Manufacturers_certification.pdf" target="_blank" rel="noopener">2015 Manufacturer's Certification</a></li> <li><a href="https://solatube.com/wp-content/uploads/2021/02/2014_Manufacturers_certification_0.pdf" target="_blank" rel="noopener">2014 Manufacturer's Certification</a></li> <li><a href="https://solatube.com/wp-content/uploads/2021/02/2013_Manufacturers_certification_0.pdf" target="_blank" rel="noopener">2013 Manufacturer's Certification</a></li> <li><a href="https://solatube.com/wp-content/uploads/2021/02/2012_Manufacturers_certification.pdf" target="_blank" rel="noopener">2012 Manufacturer's Certification</a></li> <li><a href="https://solatube.com/wp-content/uploads/2021/02/Manufacturer-Certification-Statement_DS_Dec2011.pdf" target="_blank" rel="noopener">2011 Manufacturer's Certification</a></li> </ul> <div class="disclaimer"> <p>*Solatube International makes no warranty as to the qualification of the products for federal tax credits if there are changes in requirements or applicable law after such date.</p> <p>Solatube International, Inc. is not a tax advisor. Taxpayers claiming a tax credit should consult a tax professional with any questions. Solatube International is not responsible or liable for the taxpayer's ability to receive tax credits. This document is not intended to constitute legal or tax advice. More comprehensive information will be made available by the IRS. The user maintains the full and complete responsibility to comply with all codes, laws, and regulations applicable to the safe and proper use, handling, and installation of the product and should consult with a professional for all construction- and design-related questions. The information contained herein is believed to be accurate as of the time of preparation. However, Solatube International makes no warranty as to the accuracy of this information.</p> </div> </div> </section> </article>