Thursday, June 16, 2022 / by Allan Vides
Can Solar Really Save You $$?
Can Solar Really Save You $$?
Adding solar panels to your home’s roof can dramatically reduce your electricity bills, though the initial investment may be substantial. It’s important to do your research before diving in to make sure that investment will pay off sooner rather than later.
Look for incentive programs. There is a federal tax credit for homeowners who install a solar photovoltaic (solar) system before December 31, 2023. It’s a 26% tax credit if you install before December 31, 2022, and 22% for the following year. Your state may offer a rebate or tax credit, and your local utility may also offer rebates. Learn more about the federal tax credit at energy.gov/eere/solar/homeowners-guide-federal-tax-credit-solar-photovoltaics
Get competitive bids. The EnergySage site (energysage.com/) lets you see multiple bids from solar providers. There are more than 500 companies in the site&rsquo ...
Adding solar panels to your home’s roof can dramatically reduce your electricity bills, though the initial investment may be substantial. It’s important to do your research before diving in to make sure that investment will pay off sooner rather than later.
Look for incentive programs. There is a federal tax credit for homeowners who install a solar photovoltaic (solar) system before December 31, 2023. It’s a 26% tax credit if you install before December 31, 2022, and 22% for the following year. Your state may offer a rebate or tax credit, and your local utility may also offer rebates. Learn more about the federal tax credit at energy.gov/eere/solar/homeowners-guide-federal-tax-credit-solar-photovoltaics
Get competitive bids. The EnergySage site (energysage.com/) lets you see multiple bids from solar providers. There are more than 500 companies in the site&rsquo ...