To me the most common identity that comes to mind that results in $1$ is the trigonometric sum of squared cosine and sine of an angle:
$$ \cos^2{\theta} + \sin^2{}\theta = 1 \tag{1} $$ and maybe
$$ -e^{i\pi} = 1 \tag{2} $$
Are there other famous (as in commonly used) identities that yield $1$ in particular?
Here are two well-known infinite series whose sum is $1$: $$\sum_{n=1}^{\infty} \frac{1}{2^n} = \frac{1}{2} + \frac{1}{4} + \frac{1}{8} + \frac{1}{16} + \frac{1}{32} + \cdots = 1$$ $$\sum_{n=1}^{\infty} \frac{1}{n(n+1)} = \frac{1}{1 \cdot 2} + \frac{1}{2 \cdot 3} + \frac{1}{3 \cdot 4} + \frac{1}{4 \cdot 5} + \frac{1}{5 \cdot 6} + \cdots = 1$$ The following series is less known, interesting although: $$\sum_{n=1}^{\infty} \frac{1}{s_n} = \frac{1}{2} + \frac{1}{3} + \frac{1}{7} + \frac{1}{43} + \frac{1}{1807} + \cdots = 1$$ where denominators form Sylvester sequence: every term is equal to the product of all previous terms, plus one. For example $$\begin{array}{rcl} 2& & \\ 3 & = & 2+1\\ 7 & = & 2 \cdot 3 +1 \\ 43 & = & 2 \cdot 3 \cdot 7 +1 \\ 1807 & = & 2 \cdot 3 \cdot 7 \cdot 43 +1 \\ \end{array}$$ and so on.