TAX INCENTIVES
Maximize Your Savings with Federal Tax Credits and
Lower Energy Costs
Leverage Government Incentives and Reduce Your Monthly Energy Bills
What Are Solar Tax Credits?
The federal solar Investment Tax Credit (ITC) allows you to claim 30% of your solar energy system’s cost as a credit on your federal income taxes. This includes expenses for both solar panels and battery storage systems, significantly reducing your upfront investment.
Total System Cost ($18,000) x 30% ITC = Federal Tax Credit ($5,400)
FINAL COST AFTER TAX CREDIT
Total System Cost ($18,000) – Federal Tax Credit ($5,400 = $12,600
How You Save with TerraVolt
SAVINGS
Federal Tax Credit Savings:
- Claim 30% of your system cost to reduce your federal taxes
- Utilize stored solar energy during peak hours to avoid higher electricity rates.
- Charge your battery during off-peak hours when electricity rates are lower, maximizing your savings.
Example Savings
Total System Cost ($12,600)
Key Benefits of Combining Tax Credits with Cheaper
Usage
Savings Calculator
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State-Specific Incentives for Georgia
Net Metering Programs
Some utilities provide
credits for excess solar
energy you produce.
Property Tax Exemptions
Solar installations may
increase your home value
without increasing your
property tax.
Time-of-Use Rates
Optimize your energy usage
by taking advantage of
lower rates during off-peak
hours.