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Anne Arundel County Office of Finance Geothermal Tax Credit Form

Anne Arundel County Office of Finance Geothermal Tax Credit Form

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hello everyone and welcome to renewable energy mindset i am your host alexander smith coming to you from the great state of new jersey remember if you desire to go solar we can be of assistance unto you we are a full-service solar installation company and you can visit us on the world wide web at .rem solarenergy.com today is mindset sunday and i will be talking to you about the investment tax credit this investment tax credit is an incentive that has been implemented by our federal government and it pertains to solar wind and geothermal projects in 2020 um the itc is 26 in 2021 the itc is 22 and in 2022 itc is 10 percent for commercial properties but not for residential properties so unless the federal government makes some changes 2022 there will no longer be an itc for residential properties these percentages that i gave you just the amount of money that you would get back off of the cost of a solar wind or geothermal project homeowners and businesses that decide to partake of a sol

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