New Hampshire Incentive Compensation Plan
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How to fill out Incentive Compensation Plan?
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Federal Investment Tax Credit (ITC) The Federal Solar Investment Tax Credit (ITC) is a 30% federal tax credit for purchased home solar systems. With the passage of the Inflation Reduction Act, this program has been extended through the end of 2032. In New Hampshire, residents enjoy an average ITC of $4,615.
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The tax credit for solar was originally scheduled to decrease to 22% in 2023. With the recent signing of the Inflation Reduction Act of 2022, not only will the credit still be available, but it will also increase to a 30% credit effective until at least 2032.