Energy prices continue to rise over the years, but you won't have to worry about this when solar panels power your home. There are several benefits of going solar:
- Federal tax credit *Set to Expire*
The investment tax credit (ITC), also known as the federal solar tax credit, allows you to deduct 26% of the cost of installing a solar energy system from your federal taxes. The ITC applies to both residential and commercial systems, and there is no cap on its value. Don't wait as this incentive has already been reduced down by the government from 30% to 26% and will go away.
- Net metering *Limited by Market*
Though there have been some recent state battles involving net metering, this incentive is still available in certain markets and is undoubtedly one of the biggest reasons to go solar. Any solar homeowner will receive bill credits for their unused solar power from his or her utility.
- No money out of pocket
- Privately sponsored incentive programs
- Local solar rebates
Act now before the incentives are gone!
While saving money is undoubtedly one of the biggest reasons to go solar, decreasing your carbon footprint is another perk that you - and the planet - can look forward to. The average solar system reduces carbon emissions by 4.9 metric tons per year, which is the equivalent to an entire vehicle of emissions, every year.
Reach out to us today regarding your energy savings consultation in Tyler, Longview, Rockwall, Prosper, Austin, TX.