In an effort to encourage Americans to adopt alternative energy options, federal and state governments offer lucrative tax credits to property owners who install solar energy systems. According to the US Energy Information Administration, these policies helped American facilities produce over 4.03 trillion kWh of solar energy in 2017.
Homeowners today continue to take advantage of generous programs that make residential solar electricity systems more affordable. The most important of these is the 30% federal investment tax credit (ITC), commonly known as the solar tax credit.
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