With the right combination of tax credits, state incentives and solar financing, switching to solar pays for itself! But that doesn’t mean they’re too good to be true – in fact, millions have people have already made the switch to cleaner, price protected energy.
Don’t believe us? Check out the resources that make this deal a no-brainer!
The federal solar tax credit, also known as the investment tax credit (ITC), allows solar energy owners to deduct 26% of the cost of installing their panels from their federal taxes. This incentive helps homeowners nationwide to significantly reduce the cost of their solar panels. The federal solar tax applies to both residential and commercial systems – every user that owns their systems, as opposed to renting them, qualifies for this deduction.
This credit can be applied to personal income taxes that would otherwise be payed to the federal government. The solar tax credit will continue to decrease in value, however, making now the best time to act. Residential and commercial solar energy system owners can deduct 26% of the cost of installation for systems that have begun construction through 2020. The solar tax credit then decreases to 22% in 2021, and finally 10% beginning in 2022.
Don’t let this deal pass you – taxpayers will receive the most out of their tax credit if they invest in solar energy today!
In addition to federal tax credits, customers can benefit from state, county and utility rebates. Many solar panel system owners qualify for multiple incentives, making it even easier to save thousands when you make the switch to clean energy.
You can conduct your own research or speak to a dedicated solar energy specialist at Momentum Solar to find out what incentives you may qualify for. We know transparency is of utmost importance to our customers, and we will happily provide you with all available rebates and incentives in your area!
Solar Financing Options
On top of the plenty of rebates to help homeowners save money, there are also a few solar financing options to help offset the cost of your system. Customers can choose from solar loans, cash payment, cash credit, or a Power Purchase Agreement (PPA).
There are different benefits for each option, and at Momentum Solar we want to give you all the information you need to pick the best one for your home. We understand that switching to solar power is a serious commitment, and we want to provide you with cleaner, price-protected energy at an affordable cost.
Solar is the Future
Solar energy is the real deal. By combining federal incentives, local rebates and solar financing plans many homeowners are able to fully offset the cost of their solar panels.
If you need any assistance claiming your federal tax credits, need help researching statewide incentives or simply have questions about your savings, the solar specialists at Momentum Solar are happy to help. We’re experts in finding our customers the best deals while providing high quality systems that produce clean, price-protected electricity.
Momentum Solar is a full-service solar energy company that handles everything from initial assessment all the way through installation and energization.
Visit momentumsolar.com or call 1(888)-MOMENTUM for assistance filing for tax credits or for more information about our services.