An increasing number of homeowners are looking to solar as a way of offsetting bill costs, minimizing their carbon footprint, and securing their homes against potential blackouts. While solar is becoming more affordable every year, many homeowners are still hesitant to make the investment.
At Solar-Verse, we provide affordable solar panel installation and assessments for homeowners and businesses in the mid-Atlantic. Schedule a free consultation with us to see how our services can benefit you.
If you’re interested in having a solar system installed in your home, check out these four ways you can save money while also saving the planet.
The best way to make solar more affordable for your home is by taking advantage of tax credits.
Since 2006, the federal government has offered tax credits for homeowners who install solar panels at their primary or secondary residences. This means you could pay less in taxes just for using solar power in your home.
The credit is called the Solar Investment Tax Credit, and it is one of many reasons why more people are investing in solar systems.
In order to qualify for the federal tax credit, you have to meet the following requirements:
Most states offer a variety of incentives to their residents for installing solar systems in their homes.
A few of these incentives are as follows:
Rates and availability of these incentives vary depending on your state, so be sure to research your state’s options.
Another option that varies by the state is government subsidized loans. This could assist you in the upfront cost of installing your solar system.
If you have any questions about these loans, contact us to discuss your options.
Utility rebates may be available from your local utility company or provider. They exist to encourage local homeowners to invest in their own solar systems. If your system generates enough energy, they could offer you rebates or subsidies.
That concludes our list of four ways to make solar more affordable for homeowners. Whether you’re looking to install affordable solar panels in your primary residence or working on a community-based project, we hope you found some ways to save money in this guide.
Solar-Verse provides affordable solar panel installation and assessments for homeowners and businesses in the mid-Atlantic, including North Carolina, Maryland, South Carolina, Virginia, DC, Pennsylvania, New Jersey, and Delaware.
We’re working toward a brighter future. Schedule a free consultation with us to see how our services can benefit you, your wallet, and the planet.