Solar Panel Tax Credits 2024. For tax years 2022 to 2032, you can get a credit for up to 30% of the expense of installing solar panels; If you installed a home solar power.

At 30%, the tax credit is worth $7,500 for a $25,000 solar system — effectively knocking the price down to $17,500. Under the itc, the internal revenue service (irs) provides nonrefundable tax credits for energy improvement upgrades to your home or rental property, such as.