If you’ve heard about the solar tariffs, you know they may affect you and your solar panels in coming years. You might not, however, be sure exactly how. Do they change the solar panel tax credit? How will they influence your system or your annual bills? What is in store for the future of solar energy?

Today, lots of homeowners are looking for information about the tariff, including what it means, what the implications are, and when higher prices could be expected.

Don’t worry, though – while the tariffs do mean some changes for solar power, the industry as a whole is still holding strong and now is a great time to go solar.

Here’s what you need to know.

Could investing in solar energy pay off sooner than you think?

The short answer is yes.

Many residential home solar power systems are eligible for a federal solar tax credit (also called the Investment Tax Credit, or ITC).

At the time of this writing, you can get up to 30% of your eligible installation costs back by claiming the tax credit when you file with the IRS.

The ITC benefits residential and commercial customers, and there is no cap on its value.

If you’re wondering how the solar tax credit works in 2024, we cover everything you need to know in this post.

Let’s dive in.