Frequently asked questions
Does my system need to be up and running to get the credit?
Yes. Your system needs to be installed and running in the year you wish to claim the credit. For example, if you want to claim the credit when you le your 2020 tax return, the system needs to be switched on by December 31st, 2020.
Can I split my claim between two or more years?
Yes. If you spend $10,000 to install a system, you’d get a credit of $2,600 (26% of the amount you spent) applied to the taxes you owe. If you only owe $2,000 in taxes this yre, a you can cover the full amount with the credit and still have the remaining $600 in credit roll over to next year.
Do the credits roll over?
Yes. You can claim a 26% credit for systems installed before the end of 202. It drops to22% in 2022. The credit for residential solar projects will be phased out in 2024.
How much can I expect to save by going solar?
Call to estimate your solar potential and savings by address.
What is the process for going solar?
First, you will speak with a dealer from a local solar sales company to customize the right plan for your home. (We are happy to suggest sales companies if you need recommendations!) After your sale is finalized, your dealer will contact Titan with your paperwork. Once this process has been completed, Titan will reach out to you to customize your design plan, install the system, connect it to the grid, and start your solar savings
Can I store excess energy?
Yes, however, where the energy is stored is dependent upon whether you choose to install a solar storage battery with your system. If your installation does include a storage battery, your excess energy will be sent there. If your system does not include a battery, excess energy produced will be sent to the utility grid until sundown.