Solar credit

Solar Panels

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Why this is The Best Time to Install Solar Panels?

Despite what you think, and especially during the current pandemic, this is the best time to install solar panels in your home. Here is why:

Energy-Efficiency Programs

All of our programs are 0 down and first payment is usually done after a year or more. There is an annual payment with your property taxes (not monthly from your bank) and the approval process is based on your home equity so a minimum credit score is not required! 

Lowest Interest Rate & Labor

Due to the current pandemic, interest rates went down as well as labor costs, so you can increase the value of your home for a fraction of the cost and have a higher-yielding ROI. 

26% Federal Tax Credit

Federal Solar Tax Credit (ITC) allows you to deduct 26% of solar panel costs from your federal taxes. Many Homeowners are not aware that this credit is ONLY available for 2020! It will shrink in 2021 and will disappear altogether for homeowners in 2022. It’s important to take advantage of the solar tax credit as long as it lasts.

5 Benefits of Solar Panels

Going solar saves you money – If you produce your own solar energy, you don’t have to buy it from your utility company. You’ll save thousands in electricity costs during the 25 year lifetime of your syste- the sooner you install, the sooner you’ll break even on your investment. 

Solar energy is good for the environment – If you install solar panels, you’re producing clean, renewable electricity from the sun. This means zero emissions and less pollution. By taking action today, you’re offsetting the need for new fossil fuel-based power sources.

Going solar means energy independence and taking control of your electricity  With solar panels, you’re producing energy locally. This means you don’t have to rely on power from across town or across the globe.

Solar tax credit – Federal Solar Tax Credit (ITC) allows you to deduct 26% of the cost of installing a solar energy system from your federal taxes. You can think of this as a 26% discount on the costs of going solar.  Unfortunately, the ITC won’t be available forever – it shrank from 30% (2019) to 26% in 2020, and will disappear altogether for homeowners in 2022. It’s important to take advantage of the solar tax credit as long as it lasts. 

Solar will increase your property value Thanks to all of these benefits properties with solar panels are more attractive to potential buyers. Studies have shown that solar-powered homes sell for 3- 4% more than others. If you’re thinking about selling your home in the future now is the time to add solar to it.

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