Solar tax incentives are set to begin reducing in the next few years. This means there is no better time than the present to go solar!
Tax incentives for solar
The federal government is doing their part to promote renewable energy, both on a commercial and a residential level, through tax incentives. When you upgrade your home to include solar with Envirosolar Power you are able to take full advantage of these tax incentives. This is made possible through our purchase instead of leasing system!
How much are solar tax incentives?
The Investment Tax Credit is a 30% federal tax credit for solar systems on residential and commercial solar installations (homes or businesses). This credit is used when homeowners or business owners purchase solar panel systems outright and have them installed. This is only achievable when you purchase solar panels, when you lease solar panels from other solar companies they collect the 30%.
What do solar tax incentives mean to me?
Solar tax incentives mean saving on your entire solar power system. The more you spend on your new solar panels, the more you save. So not only are you saving money on your monthly energy bill, but the cost of your solar panels as well!
How long do solar tax incentives last?
Currently the 30% tax credit is set to expire at the end of 2016. However, it has been extended before and is likely to be extended again. If not, then the solar tax incentive is reduced to 20% the following year and 10% the year following that. So there is no better time to go solar than right now!
I’ve heard solar tax incentives are complicated, are they?
Not at all! At Envirosolar Power we make sure that you have everything you need to file for your solar tax incentives. We make sure that you are confident and know exactly how to file! With solar tax incentives responsible for an increase in annual solar installation growth by over 1,600%, it makes perfect sense to install solar panels on your home today and make use of this fantastic incentive. Even better, you may even qualify for even more energy efficient rebates depending on your local legislation and compliance. Our trained energy experts will make sure that you can save as much money possible through all the various options. Schedule a Free In-Home Energy Assessment today!