ITC Disclosure in Proposal

The Investment Tax Credit (ITC) is a federal tax credit for solar installations that allows taxpayers to deduct a percentage of the cost of installing a solar energy system from their federal taxes. Including the ITC disclosure in your proposal helps to ensure that all necessary information is provided upfront, minimizing the risk of errors or omissions that could result in the customer being ineligible for the credit or facing penalties from the IRS.

Your proposal must include information relating to available tax credits.

  1. Tax credits are estimated.
  2. The purchaser of a solar system MAY qualify for certain federal, state, local or other rebates, tax credits, or incentives.
  3. Sunlight nor the installer make any representation or warranty as to whether any such credits will be available to the purchaser.
  4. Purchaser should consult with their personal tax advisor to determine if any such credit is available.

Sample Disclosure

You may choose to use the sample disclosure below.

Write your company name then click to copy the disclosure to your clipboard.

Tax credits are an estimated amount. As the purchaser and owner of a solar photovoltaic system, you may qualify for certain federal, state, local or other rebates, tax credits or incentives (collectively, “Incentives”). If you have any questions as to whether and when you qualify for any Incentives and the amount of such Incentives, please consult and discuss with your personal tax or financial advisor. Sunlight and [Your Company Name] make no representation, warranty, or guaranty as to the availability or amount of such Incentives.

View full proposal requirements here.

Solar installation companies (“installers”) seeking to partner with Sunlight must submit a sample financing proposal for review at onboarding. Sunlight’s Commercial Risk Team will review each sample financing proposal to ensure that Sunlight’s proposal disclosure requirements noted in the link above are satisfied.

Nothing in this document shall be construed to mean that any of these requirements are specifically required under applicable law, regulation, or rule. This document does not constitute legal advice in any respect – whether to installers or otherwise – and installers should seek their own legal counsel to understand their obligations under applicable consumer protection laws.