Solar energy delivers positive environmental effects, contributing to a nation’s energy independence. To encourage the continued use of solar, government and other organizations offer solar tax breaks and financial incentives for going solar
Tax Incentives from the Federal
and State and Governments
Federal, state and local governments often increase solar energy tax rebates and credit on grid power, in an effort to encourage homeowners to switch to alternative renewable energy.
The federal government provides a solar tax credit, known as the investment tax credit (ITC) that allows businesses and homeowners to deduct a portion of their solar costs from their overall taxes. Other states offer state tax credit for households that install solar systems.
It is also possible to receive a cash rebate from your municipality, utility company or state for promoting alternative energy through solar. Additionally, some states are now offering performance based incentives by paying solar system owners a per kilowatt-hour credit for electricity that their systems produce.
Forget about electric rate hikes
One of the standout features that you can get from solar panels is that you won’t have to worry about energy hikes, especially electricity rate hikes. When you install a solar system, you can lock in a rate for electricity that is significantly lower than your current bill.
Homeowners will no longer have to worry about stretching their monthly budget when an energy rate hike goes on. Monthly budgeting becomes more efficient and predictable. You’ll potentially have more money at the end of the month you can put to the bank.
The green benefits of solar systems
The environmental advantages of solar power are playing a key role in the growing interest in the use of solar energy. Top of the list is clean air and the preservation of natural resources.
From energy independence, lowering utility bills and protecting the environment, there exist countless reasons to go solar today. Solar electric systems run efficiently and silently producing less pollution than other sources of electricity.
With solar power installation, you will be paying less for power, saving you on monthly