The summer sun is shining and that means one thing – energy. Energy? Yes, solar energy. Solar energy is the cleanest and most abundant renewable energy source available. If you’ve wondered about the costs of installing a solar system the truth is that it is a significant investment. However, there are lots of rewards to having one. Of these rewards are financial benefits including government rebates and cost savings:
Federal Solar Rebates
Many of us think that rebates only come in the form of a check in the mail. However, solar rebates are distributed as tax credits. The Solar Investment Tax Credit (ITC) is a 30 percent tax credit for residential and commercial properties. This means you get a dollar-for-dollar credit of up to 30 percent of the qualified expenditures of your solar system. The credit has no limit and is available for installments made before December 31, 2015.
State Solar Rebates
These rebates differ per state. You can find tax credits, rebates and savings programs sorted out by state when you visit www.dsireusa.org. The state considers things like the amount of kilowatt-hour or tax codes when determining these rebates. Incentives can be found in every state showing the government’s push to use clean energy.
Lower Utility Bills
The fact that solar is a source of “renewable energy” means it doesn’t run out when you use it. There is plenty of energy to go around. By replacing your traditional electricity source with solar power, you can save over $1,000 per year.
There are lots of benefits when you invest in solar energy. You’ll be able to find even more when you search your local area to see what programs are offered. Not only are the financial incentives for solar energy great but you also protect the environment by using clean energy. If you’re looking to securely mount your solar panels, contact us!