Are you a family interested in reducing your carbon footprint and saving money? Consider making the switch to solar energy today. Delaying your decision may mean missed opportunities to take advantage of incentives and save on your electricity bill. Solar energy is a smart investment that can increase the value of your home and bring immediate benefits. With the current emphasis on clean energy, many states and local governments offer incentives for households to install solar panels, which can lead to significant savings both now and in the long term.
Solar Investing: Why the Time Is Now
Residential Clean Energy Credit
In August 2022 and beyond, homeowners may receive a tax credit, referred to as the Residential Clean Energy Credit, which is equal to 30% of the expenditure incurred in the installation of solar panels. This credit has the potential to save you a significant amount of money on your taxes, and in some instances, it may entirely offset what you owe. It is crucial to be aware of the eligibility requirements, qualifying criteria, and other essential details before converting to solar, as most Americans can qualify for the solar tax credit.
Here’s a quick overview of the federal solar tax credit.
- Solar panel installation costs from before 2033 are eligible for a tax credit of 30%.
- For instance, if your solar system was $20,000, you would receive a $6,000 tax credit applied to any federal taxes you may owe. (please as your Account for clarification)
- To qualify for the tax credit, you must own the solar panels, have a taxable income, and have the panels installed at your primary or secondary residence.
- You can also receive the 30% federal tax credit for battery storage systems exclusively charged by solar. From 2023, standalone battery installations will also qualify for the credit
Peace of Mind
If you’re a homeowner and looking for a way to save money on your monthly electric bill, going solar may be a great option for you and your family. With a solar loan, you can lock in a low, fixed interest rate, so you don’t have to worry about your monthly payment going up over time. This is especially reassuring in a time of inflation when prices are rising quickly. By producing more energy than you use, you may even qualify to receive a check from your utility company. This is an excellent opportunity to put some extra money towards your family’s needs.
When you own a solar power system, you’re not just renting electricity each month, like when you pay the power company. Instead, you’re investing in a valuable asset that will increase your equity in your home. Every payment you make towards your solar loan is an investment in your property, increasing its value over time. It’s a great feeling to know that each month, you’re not just paying someone else’s bills, but building equity in your own home. Going solar is an excellent way for families to save money and invest in their future.
If you’re looking for a way to make a positive impact on the environment, going solar is an excellent option for your family. By generating your own power from the sun, you’re drastically reducing your carbon footprint and making a meaningful contribution to the health of the planet.
Even if your power company provides Green Energy, there is still a significant loss of energy during the transportation process. In contrast, power generated from your own rooftop and used on-site has very little energy loss. Plus, solar energy is a 0-emission energy source, making it an eco-friendly choice for your family.
By choosing solar, you can be a part of the solution instead of part of the problem. Let’s all do our part to protect the environment for generations to come. It’s a gift we can give to our conscience and to our children, knowing that we’re doing what we can to preserve the planet for their future.
You can start the process, by requesting a complimentary Discovery call
Click here to schedule a call with Kathy King
Find the best solution for you, and see if you qualify for this money-saving program by (clicking here)
If you have more questions before making a decision to go solar, (click here)for more information.
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