Solar will reduce your dependence on the power grid and lower your electric bills. It can also give you power when the grid goes down or during a local outage.
In addition to what solar can do for you, there are multiple incentives, rebates, and programs to help reduce the cost of solar.
Even better – you can take advantage of several programs to give money back to you for installing solar. The best part is that these programs don’t just cover the cost of materials. They also cover installation!
Homeowners can get a 30% Federal tax credit. This is applied to your taxes. If you owe taxes, it reduces what you owe. If you are paid up on your taxes, you get the credit to offset what you owe this year!
Businesses can get a 30% Federal tax credit applied to their taxes. If you owe taxes, it reduces what you owe. If you are paid up on your taxes, you get the credit to offset what you owe this year! In addition, you can claim up to 100% depreciation in the first year. Ask your tax preparer about how much this can save you.
Commercial Customers can have over 75% of their costs reimbursed in the FIRST YEAR!
Businesses can get a 30% Federal tax credit applied to their taxes and claim up to 100% depreciation in the first year. Rural businesses can also apply for an additional 25% rural business grant! There are some stipulations on the grant, but 25% is well worth looking into.