If you haven’t already, now is your time! The amount of solar installations are higher than ever, with more than 1.5 million residential solar systems in the US alone. Here are some reasons that 2018 is the year to go solar!
30% Federal Solar Tax Credit
A new tax reform legislation was passed that changes how homeowners will calculate their mortgage interest tax deductions in 2018. The good news is, the 30% solar investment tax credit is still in place for 2018, but it will drop to 26% after 2019, and all the way down to 10% in 2021.
Save on Utility Bills
Summers are hot and that means the need for air-conditioning. Setting up solar and using it during those especially hot months will help offset that extra cost!
Faster Financial Payback
As we mentioned, that 30% investment tax credit will kick you back some money, as well as the long-term savings on those utilities that you will be able to then use toward your investment! With most panels having a useful lifespan of 40 years, your savings will keep coming even after your system is paid for.
Home Value Increases
Solar panels are also a great idea if you ever plan on selling your home! A study at Berkeley National Laboratory found that buyers are willing to pay $12,000-$15,000 more with an average sized solar array.
But don’t take our word for it! Wondering if now is the right time to go solar?Contact us today to get a quote and see if it is the right investment for you!