Tax Rebate 2024 Solar Meter. The itc allows you to claim 30% of the total cost of your solar panel installation on your taxes, which results in thousands of dollars in savings. Individuals who install rooftop solar panel(s) can claim a rebate of 25% of the cost of the panels, up to a maximum of r15 000 per taxpayer.

The federal solar tax credit, officially called the residential clean energy credit, allows eligible homeowners to deduct up to 30% of the cost of their solar energy. It is a financial incentive for individual taxpayers who install solar panels.