Net metering allows homeowners to receive money for the excess electricity their home is producing. The term refers to the method of accounting for the photovoltaic or PV system production. This is what allows homeowners to offset their electric bill. The kilowatts generated are first applied to the home, then the excess is fed into […]
Solar savings will vary greatly from person to person. In some cases, your utility provider may pay you for the excess energy your home is producing.
In some cases, parties with no federal tax liability can use a third-party system owner to take advantage of the ITC. The system passes the savings from installer to host customer.
Information on investment credits and current IRS federal tax Form 3268 can be found here.
Currently, tax credits for solar energy are available through December 31st, 2019. The tax credit is expected to decrease from 30 percent to 26 percent in 2020 and to 22 percent in 2021.
The solar ITC for residents is 30 percent of the system cost with no cap limits.
This credit is only available one time, but may be carried into a different year if not completely used. Discuss your eligibility with a tax consultant.
Customers with federal tax liability can obtain solar investment tax credits.
Solar panels come with a standard 10-year product warranty and 25-year linear production warranty. All warranties are by the manufacturer.
Our team can help you go through the various options to help make the process as simple and efficient as possible. Because there are an abundance of different solar financing options available, we can help you figure out the best one for your specific situation. Even those who have a previous bankruptcy can qualify for […]