Farmers and Businesses, Recover Last Year’s Taxes!

Did you know that you can get your 2016 taxes back? It’s true! If your 30% tax credit exceeds your 2017 tax liability, you can apply it retroactively to your 2016 taxes and receive a refund for taxes paid!

solar panels on rooftop

How Does it Work?

If you would install a $100,000 solar system, you would receive a federal tax credit in the amount of $30,000 or 30% of your total system cost. If you have a tax liability of $10,000 for the 2017 fiscal year, you can use the $30,000 tax credit to eliminate your $10,000 2017 tax liability. In addition, you would then be able to use the remaining $20,000 to go back one year to credit your 2016 tax liability. For this example, let’s say you paid $10,000 in federal taxes in 2016. You would be able to recoup your 2016 taxes, and still have an additional $10,000 to carry over into the next 20 fiscal years or until the tax credit is used up.

Total Solar System Cost: $100,000*

30% Tax Credit Amount: $30,000

2017 Tax Liability: -$10,000

2016 Tax Liability: -$10,000

Remaining Tax Credit for Future Years: = $10,000

*this is only an example, a solar system will vary significantly in price and is dependent on your electricity usage

Recover Last Year's Taxes

How May We Help You?

Customer Feedback

"From the time we attended a Paradise open house, we were comfortable with the staff. They were informative and responsive to our needs and questions. The installation was done in a timely and professional manner. Now that the system is functioning, it is very exciting to know that we are producing power environmentally! I enjoy checking the inverters and seeing that even on cloudy days, we are making electricity. I have recommended Paradise to several friends already." - Linda T.
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Take the First Step

Switching to solar begins with a free site assessment. A Paradise Energy Solutions expert will visit your home or business and evaluate your solar power options and answer any questions you have about our services or what to expect.
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