The export tax refund rate for certain products, including refined oil, photovoltaic products, batteries, and some non-metallic mineral products, will be reduced from 13% to 9%. Refer to Annex 2 for the detailed product list. The announcement will take effect on December 1, 2024.
To reduce greenhouse gas emissions and promote renewable energy sources, Title 24 of the Energy Code sets specific requirements for the inclusion of solar energy systems in new construction projects.
Effective April 1, 2026, China will eliminate value-added tax (VAT) export rebates for photovoltaic (PV) products, including solar cells, modules, inverters, and related components. This follows a prior reduction from 13% to 9% in December 2024.
The federal solar tax credit rate is 30% for systems installed through 2032. This means you can claim a credit equal to 30% of your total solar installation cost, including equipment, labor, and permitting fees.
PTC allows owners and developers of wind energy facilities (land based and offshore) to claim a federal income tax credit on every kilowatt-hour (kWh) of electricity supplied to the power grid annually for a period of 10 years after a facility is placed into service.
Currently, 25 states offer sales tax exemptions on solar equipment purchases, 36 states provide property tax exemptions that protect homeowners from increased taxes despite higher property values, and all Americans can access the federal solar investment tax.
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