Federal Investment Tax Credit (ITC)
Does my roof qualify for the Federal Investment Tax Credit (ITC)?
The 30% federal tax credit will apply to the cost of the solar portion of Solar Roof as well as the cost of a Powerwall battery. The qualifying portion of Solar Roof includes the solar tiles, wiring, and support structures. Non-solar roof tiles would not qualify for the tax credit, nor would general roofing components that are not functionally necessary to enable solar electric generation.
How can I estimate the portion of Solar Roof that could receive the tax credit?
Your Solar Roof Purchase Agreement provides an estimated allocation of price components that may be eligible for a tax credit, based on the qualifying portion of the Solar Roof that is related to the solar generation. This estimated allocation is not intended as tax advice; you should discuss this allocation with a tax professional (for the purposes of IRS Form 5695) to determine the appropriate tax credit amount in your circumstance.