Benefits of Going Solar

2020 Tax Initiative

A tax incentive is a measure to reduce owed taxes as an inducement for investment. Just as there are different types of taxes, there are different types of incentives. The investment tax credit works to cancel a portion of taxes owed. In 2020 the tax credit is applicable to 26 percent of the cost of the system. If a homeowner isn’t expecting to pay taxes within the year that they installed their solar system, they can roll the solar tax credit over to the next year. The incentive applies to both residential and commercial systems.

Lower Cost of Utilities

By investing in the solar revolution, your panels will produce cleaner, cheaper energy for you than the utility company. The electric rates utilities have charged consumers has steadily increased year over year. This rate escalation will continue forever. However, by going solar, you are able to lock in your current and future electric costs and avoid future utility rate hikes. You can invest in yourself and take control of your energy costs, or pay your utility provider for rented and energy monthly.

Increased Home Value

Adding solar panels will boost your home’s value! Not only will installing solar panels help you raise the asking price for your home, but it can also help sell your home faster. Installing solar panels is one of the safest and wisest investments you can make. Studies have shown that homes with solar energy systems sell for more than homes without them. Also, solar panels are exempt from property taxes in many states and can increase the value of a home more than a complete kitchen remodel. However, you can take your solar panels with you when you move.

Environmental Benefits

Many PV system owners place a high importance on producing clean “green” energy. Photovoltaics is an environmentally friendly technology that produces energy with no noise or pollution. For some owners, operating a PV system makes a statement about protecting the environment and conserving nonrenewable energy sources. Going solar is one of the most effective ways to decrease your carbon footprint and helps protect our atmosphere. Not only does the transition result in fewer air pollutants generated in your community but also improves the health of those around you.
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