Solar Market Development Tax Credit (SMDTC)
Solar Market Development Tax Credit (SMTDC)
The Solar Market Development Tax Credit provides a tax credit of 10% for small solar systems, including on-grid and off-grid PV systems and solar thermal systems. The starting date for this tax credit is March 1, 2020, and the tax credit runs through December 31, 2027. There is a cap of $8 million in tax credits to be issued every year on a first-come first-serve basis.
Every installation owner is encouraged to submit an application to the office as soon as their system is fully connected and operational. Waiting to the end of the calendar year or until tax filing season may cause the loss of this tax credit.
How to Apply
- Instruction Manual – SMDTC Income Tax Credit
- Application Form – SMDTC Income Tax Credit Application Form
For best results, download and save the application form and fill it using one of the following PDF applications which has been tested and verified to produce a form compliant with AcroForm standards. These software are free versions available for many platforms which will produce a file compatible with the “Submission Site -NSMD Income Tax Credit Application” below.
For Adobe Reader go to the Adobe Reader download page
For Foxit Reader go to the Foxit Reader download page