Solar Incentives

Federal Investment Tax Credit (ITC)

The ITC incentive is a tax credit that applies to federal income taxes, which are a percentage of the total cost of the solar energy system and battery storage system installed. For systems installed between 2022 and 2032, the tax credit will be 30%.

If your system was installed and passed inspection in 2023, please attend to the following tax documents and information:

Please click here to access 2023 Form 5695 for the 2023 ITC. Follow this link for instructions published by the IRS.

For your convenience, we are happy to offer an additional copy of your final paid invoice from Luminalt. Feel free to reach out to our service project administrator Kayla at kayla@luminalt.com for assistance.

Resources about the credit that we hope you and your tax adviser will find helpful:

Internal Revenue Tax Codes
– Section 25D Residential
– Section 48 Investment Tax Credit

If you have any questions about the preparation of these tax forms or how the credit applies to your specific tax situation, please contact your tax adviser or seek qualified tax assistance. Luminalt is not a tax adviser and is not responsible for the eligibility of the credit.

Solar and energy storage systems installed in 2022 and 2023 qualify for the 30% tax credit. Additionally, energy storage systems without solar installed in 2023 are designed to comply with the Solar Tax Credit requirements.