Residential
Introduction
Light Vast is a leading solar system consulting, designing and installation company. Light Vast offers professional solar installation for both residential and commercial properties.
As a property owner, Installing a solar system is a smart choice that you can have the ability to save money and have the freedom to control power. With the detailed project timeline and dedicated team in Light Vast, property owners will have a smooth solar experience.
Our Projects
Light Vast is excited to introduce its latest solar panel project, designed to harness renewable energy and promote sustainability.
Chino Hills, CA
Irvine, CA
Fullerton, CA
Federal solar tax credit
The federal residential solar energy credit is a tax credit that can be claimed on federal income taxes for a percentage of the cost of a solar photovoltaic (PV) system. The solar panel tax credit for 2023 ( tax filed in 2024) is 30% of eligible costs. It will remain at 30% through 2032.
Accelerated
A taxpayer who claims the commercial ITC for a solar PV system placed in service can typically also take advantage of accelerated depreciation (Modified Accelerated Cost-Recovery System, or MACRS) to reduce the overall cost of a PV installation.
Bonus
A business with a solar PV system placed in service between January 1, 2008, and September 8, 2010, or between January 1, 2012, and December 31, 2017, can elect to claim up to 50% depreciation bonus. Systems placed in service between September 9, 2010 and December 31, 2011 or between January 1, 2018 and December 31, 2022, can elect to claim up to 100% bonus depreciation. Starting in 2023, the percentage of capital equipment that can be expensed immediately drops 20% per year (e.g., 80% in 2023 and 60% in 2024) until the provision drops to 0% in 2027.
