Benefits from Tax Incentives
Depending on where you live, you may be entitled to tax credits for making the environmentally-conscious decision to install solar panels. For example, the state of Maryland is one of many states that offers residents clean energy grants as well as Solar Renewable Energy Credits (SRECs) as an incentive for installing solar panels. But regardless of where you live, you could be eligible to receive a federal tax credit for your solar panels. The federal government will pay for up to 30% of your solar panel installation cost, making it far more affordable than you originally thought. Does your utility company ever put money back into your pocket? Didn’t think so!
A quick tip for homeowners who want to purchase their solar system. Don’t forget about the federal tax credit of 30% off the price of installation. This credit amount will be lowered over the next few years, and go away altogether soon. Check out the federal tax details on SEIA.org for maximum savings on solar ownership.8
Whether you buy or lease you’ll save with solar power. The solar movement is strong, growing stronger - and here to stay. Just like our sun. Give us a call to discuss your energy needs, or get a free solar quote today.