Homeowners and businesses may be eligible to claim the Investment Tax Credit, more commonly referred to as the Federal Solar Tax Credit, on their federal taxes. The Federal Solar Tax Credit allows homeowners and businesses to deduct 26% of the cost of installing a solar energy system from their federal taxes. This tax credit has allowed hundreds of thousands of homeowners and businesses in the US to go solar at little-or-no additional cost and applies to both residential and commercial solar energy systems. Speak with one of our experienced, knowledgable, well-trained solar consultants today to discover your options.
Men lie, women lie, numbers don't lie. As previously mentioned, the Federal Solar Tax Credit has allowed hundreds of thousands of homeowners and businesses in the US to go solar at little-or-no additional cost. When you go solar, unless your home or business is completely off the grid, you will continue to receive a bill from your utility company. You will also receive a bill for your solar energy system. The combined total will be less than what you are currently paying for energy and oftentimes, homeowners and businesses are able to significantly reduce, or even eliminate, their utility bill with a solar energy system that matches their energy consumption.
Not only can adding solar panels to your home help to significantly reduce or eliminate your electric bill, but it can also potentially increase your home value. According to a study published by Zillow, homes with solar panels sold for 4.1% more on average than comparable homes without solar panels.
Source: Zillow Economic Research | Zillow analysis of listing descriptions and transactions of homes sold between March 1st, 2018 - February 28th, 2019.
Utility prices have steadily increased over the last 2 decades, since 2003, the national average utility price has nearly doubled. Homeowners and businesses that go solar pay less for energy and oftentimes are able to go solar with little-to-no additional money out of pocket. If you can afford your current utility bill, then you can afford to go solar.