Commercial Tax Benefits

Businesses looking to install solar panels in California may be relieved to learn that there are multiple tax incentives available to help alleviate the installation cost.

Our team at LC Renewable Energy Solutions hard to stay updated about the investment tax credits (ITC) and other tax incentives available to business owners in California. We are here to help you navigate the solar finance process so that you can take advantage of all available tax incentives.

Which solar projects are eligible for the ITC or PTC?

Located in the United States or U.S. territories
Use new and limited previously used equipment
Placed in service in 2022 or later and begin construction before 2033
Not leased to a tax-exempt entity
Are under 1 megawatt (MW) in size OR meet labor requirements issued by the Treasury Department

Which tax credit is right for my project?

Whether to choose the ITC or the PTC largely depends on the total cost of the project, the amount of sunlight available, and whether your project is eligible for any bonus tax credits.