The Investment Tax Credit is a federal incentive that allows businesses to reduce their tax liability by claiming a percentage of their solar project cost as a credit on their federal income taxes. Commercial solar projects that meet labor, wage, and domestic content requirements are eligible for a 30 percent ITC, and many projects can qualify for additional bonus credits based on location or equipment type.The ITC applies to the full installed cost of the system, including engineering, materials, construction, interconnection, and developer fees.For Texas businesses, the ITC is often the single most valuable incentive and significantly improves the financial return of a commercial solar project.
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