The 26% solar tax credit has been extended until 2023

Finally 2020 has brought us some good news – the federal solar tax credit has received a two-year extension as part of the most recent COVID-19 relief package.

The 5,593-page bill is jam-packed with provisions related to stimulus checks and expanding unemployment funding. But buried deep within the $900 billion dollar legislation are some major wins for clean energy – one of them being the extension of the solar tax credit.

Previously set to step down at the end of 2020, the 26% tax credit will now be available until 2023. This is great news for the solar industry, which has struggled with impacts of the coronavirus pandemic.

Let’s take a closer look at what exactly the solar tax credit extension includes and how it is expected to help the solar industry after a tough year.