- What is solar energy? MREA has the answers!
- Learn the basics about solar energy and net metering in Montana from DEQ.
- Read more about net metering from MREA and check out these great maps displaying net metered renewable energy resources in the state.
- Check out Climate Smart Missoula’s new Solar Smart page to learn more about solar energy in Missoula!
Understand Your Tax Credits
Federal tax credits for solar energy systems have been extended and are available at 30% through Dec 31, 2019. The credit decreases to 26% for tax year 2020, decreases to 22% for tax year 2021 then expires Dec 31, 2021. More specifically:
- 30% for systems placed in service by 12/31/2019
- 26% for systems placed in service after 12/31/2019 and before 01/01/2021
- 22% for systems placed in service after 12/31/2020 and before 01/01/2022
- There is no maximum credit for systems placed in service after 2008.
- Systems must be placed in service on or after January 1, 2006, and on or before December 31, 2021.
- The home served by the system does not have to be the taxpayer’s principal residence.
Read the specifics here.
State tax credits for Montana: Residential taxpayers who install alternative energy (non-fossil fueled) systems are eligible for tax credit up to $500 per individual or $1,000 per household if married taxpayers file jointly. Read the specifics here.