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According to energy.gov under the Residential Renewable Energy Tax Credit program info page the Federal Personal Tax Credit has been extended to December 31st, 2021. However after 2019 the current 30% drops to 26% beginning January 1st, 2020. In 2021 it will drop to 22% and in 2022 it will expire completely. This is good news for Homeowners if they act now! Energy.gov states that “The Consolidated Appropriations Act, signed in December 2015, extended the expiration date for PV and solar thermal technologies, and introduced a gradual step down in the credit value for these technologies.”

The site goes on to state that “A taxpayer may claim a credit of 30% of qualified expenditures for a system that serves a dwelling uni...