Solar Energy Benefits: Cash in Your Pocket

Solar Energy Benefits: Cash in Your Pocket

If you’re thinking about switching to solar power, consider the incentives. Reducing your carbon footprint and lowering monthly electric bills are both powerful motivators. Factor in a 30 percent federal solar tax credit, and it all adds up to substantial cash back in your pocket.

federal solar tax credit

What Is the Solar ITC?

The solar investment tax credit is available to home and business owners who utilize solar energy systems on their property. Legislation in 2008 eliminated burdensome monetary caps on installation and equipment leading to a surge in solar manufacturing and project construction. The development of photovoltaic technology has produced solar panels that deliver maximum power and require minimum maintenance. As the consumer, you benefit from lower prices on durable systems and a tax credit totaling 30 percent of your investment in solar energy.

Why Go Solar?

While the one-time ITC provides a great incentive for switching to solar power, you enjoy benefits that pay off for years. Less reliance on the grid lets you reduce electricity bills, and solar-equipped homes and buildings enjoy an increase in property value. Solar systems here are allowed to run on time-of-use rating schedules that let you sell back excess electricity to your provider at peak rates. With an annual average of more than 265 sunny days, California and solar energy generation are natural partners. Going solar is a green choice, but it also makes smart economic sense.

Are There Other Incentives?

Switching to solar is not only economically beneficial, but it also has a substantial environmental impact. Consider this: a typical solar system will reduce green-house gas emissions by 123 tons of carbon dioxide over a 25 year period. That is the equivalent reduction of 4,920 trees planted, 253,608 air miles not flown, and 416,949 miles not driven by a small sized car. By going solar, you will significantly contribute to a cleaner, more vibrant planet.

Our teams here at Day One Solar are always happy to answer questions about putting the solar tax credit to work for you. As a Bay Area solar company, we offer a free solar site analysis for residential and commercial properties. There’s never been a better time to take advantage of the California sunshine, so give us a call today.

5 Comments

  • Posted May 20, 2016 at 9:21 AM | Permalink

    I have been considering adding solar panels to my house for a while now. Since I live in a very sunny area, I have noticed many houses around my area using solar for energy. I think that it is really great that that I could save money on my electric bill as well as have a positive effect on the environment. Thanks for sharing!

  • Posted August 12, 2016 at 5:16 AM | Permalink

    I’ve been trying to decide whether or not I should get a solar panel installed on my home. I didn’t know that it could save me money on electricity bills! It would make my home much more valuable, too. I’ll have to give it a shot! Thanks for sharing.

  • Posted November 18, 2016 at 7:51 AM | Permalink

    I didn’t realize that you can get a tax credit for investing in solar panels and power. My husband and I were strongly considering installing solar panels on our home to take advantage of the infinite source of power. But now that I know we can get tax credit for it, it’s definitely worth the investment.

  • Posted April 15, 2017 at 8:05 PM | Permalink

    Good read and Great article.The Solar Power is considered as the new energy for us and it is green power for the environment. We should encourage more people using it in the life.

  • Posted April 19, 2017 at 4:09 AM | Permalink

    I am actually grateful to the holder of this web page who has shared
    this wonderful piece of writing at here.

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