#tax

Articles tagged with tax

Featured image for States Phasing Out Solar Property Tax Breaks in 2025

States Phasing Out Solar Property Tax Breaks in 2025

Several U.S. states, such as New Mexico, Florida, and Maryland, plan to end or revise solar property tax exemptions in 2025. These changes may alter project financing, increase costs, and affect adoption rates. Developers, homeowners, and investors can use this guide to navigate the shifts and plan effectively in the renewable energy sector.

5 min read
Featured image for New IRS Loophole Lets Homeowners Depreciate Solar

New IRS Loophole Lets Homeowners Depreciate Solar

Homeowners can now potentially claim accelerated depreciation on solar installations by structuring them as business assets through property leasing to a dedicated entity. This approach combines with federal tax credits for enhanced savings, provided proper documentation establishes genuine business activity.

5 min read
Featured image for IRS Solar Credit Now Requires Wage Documentation

IRS Solar Credit Now Requires Wage Documentation

The IRS has extended the federal solar Investment Tax Credit through 2025 with refined rules on prevailing wages, apprenticeships, and domestic content. These changes promote U.S. manufacturing, integrate battery storage, and add compliance layers to support sustainable clean energy expansion.

4 min read
Featured image for IRS Clarifies Solar Depreciation Rules for Bigger Savings

IRS Clarifies Solar Depreciation Rules for Bigger Savings

Recent IRS guidance refines the application of depreciation rules for solar installations, enabling businesses to optimize tax credits and deductions. These changes streamline compliance, elevate after-tax profitability, and foster greater investment in renewable energy. Developers and commercial property owners now face a clearer path to substantial financial advantages through solar adoption.

4 min read
Featured image for Secure Solar Tax Credit Before 2025 Filing Deadline

Secure Solar Tax Credit Before 2025 Filing Deadline

The 2025 tax season demands precise timing and documentation to claim the federal solar Investment Tax Credit. Eligibility depends on construction start dates, safe harbor compliance, and installation milestones that preserve substantial savings. Initiate planning promptly, validate system ownership, and compile comprehensive records to realize the complete value of your solar investment.

4 min read
Featured image for Roof Age Can Disqualify Your Solar Tax Credit

Roof Age Can Disqualify Your Solar Tax Credit

Installing solar panels offers significant federal tax credits, but an old or improperly replaced roof can jeopardize eligibility. Recent IRS guidelines restrict credits to components directly supporting solar systems, requiring homeowners to prioritize roof assessments, detailed records, and strategic planning to secure full benefits.

4 min read
Featured image for Banks Flag PACE Loans as Foreclosure Risk

Banks Flag PACE Loans as Foreclosure Risk

Major banks and lenders caution homeowners about Solar PACE loans, which link repayments to property taxes and hold priority over mortgages. These programs raise concerns over foreclosure risks and resale challenges, prompting calls for enhanced oversight to protect consumers while promoting clean energy adoption.

6 min read
Featured image for IRS Cuts Solar Depreciation to 5 Years for Faster Savings

IRS Cuts Solar Depreciation to 5 Years for Faster Savings

The IRS has shortened the depreciation period for commercial solar assets to five years under MACRS, enabling businesses to claim larger tax deductions sooner. This adjustment aligns solar investments with standard business assets, enhances cash flow, reduces payback times, and promotes wider adoption of clean energy solutions in the United States.

5 min read
Featured image for How 2025 IRS Rules Change Solar Depreciation Schedules

How 2025 IRS Rules Change Solar Depreciation Schedules

The 2025 IRS regulation transforms solar project depreciation and tax deductions under MACRS, refining asset classifications and ITC basis adjustments. These updates influence financing models, equipment sourcing, and overall project economics, demanding precise tax strategies for developers.

5 min read
Featured image for IRS Doubles Solar Depreciation Rate for 2025

IRS Doubles Solar Depreciation Rate for 2025

The IRS has doubled the first-year depreciation allowance for solar assets in 2025, enabling businesses to deduct more costs upfront and enhance project profitability. This policy adjustment supports federal clean energy initiatives, reduces payback times, and opens new financing avenues for solar developers and owners.

5 min read
Featured image for ITC Extended Through 2033 at 30% Credit Level

ITC Extended Through 2033 at 30% Credit Level

The extension of the federal solar Investment Tax Credit through 2033 at 30% offers long-term stability for homeowners, businesses, and developers. This policy supports clean energy advancement, domestic manufacturing, and substantial savings on solar and storage systems.

5 min read
Featured image for PACE Loans Link Repayment to Property, Not Owner

PACE Loans Link Repayment to Property, Not Owner

PACE property tax loans facilitate solar adoption by linking repayments to the property rather than the owner. This allows homeowners and businesses to fund installations with little initial outlay, gain instant savings, and enhance asset worth. Understand this financing approach that promotes sustainable energy for all.

4 min read
Featured image for Solar Tax Credit Now Covers Battery Storage Systems

Solar Tax Credit Now Covers Battery Storage Systems

Federal solar tax credit enhancements now include battery storage, offering 30% savings on installations. Homeowners and businesses can claim larger refunds via IRS Form 5695, reducing costs and promoting renewable energy adoption for financial and ecological gains.

4 min read