Solar Roof Incentives

Federal Investment Tax Credit (ITC)

The Federal Investment Tax Credit will apply to the cost of the solar portion of Solar Roof as well as the cost of a Powerwall battery. The incentive amount is equivalent to a percentage of the eligible costs. The rate is currently set at 26% in 2020 and 22% in 2021. To qualify for the ITC in a particular year, construction must begin by December 31st of that year.

How can I estimate the portion my Solar Roof that could receive the tax credit?

Your Solar Roof Purchase Agreement provides an estimated allocation of components that may be eligible for a tax credit. 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.