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If you’ve been on the fence about switching to solar energy, there may be a financial incentive offered by the government that seals the deal for you. As of 2024, this federal incentive allows you to claim the credit when you buy a solar energy system, you can currently credit up to 30% of your spending on the purchase and related installation costs. This tax credit value is applicable if the system is placed and in service before December 31, 2024.
The savings potential depends on a variety of factors, making each case unique. Our experienced technicians consider crucial details such as the angles of your roof and the amount of sunlight it receives. These factors play a significant role in determining the potential savings you could enjoy. And even if your circumstances change, such as moving to a new house, there's good news. You might find yourself in a home where solar panels are already installed. This is becoming an increasingly popular feature in homes. As more and more households adopt solar panels, it's a smart idea to consider this when shopping for a new home. While you might leave behind panels you've invested in, you'll also benefit from someone else's setup.
As time goes on, this trend is expected to become the new normal. Embracing solar energy is not just a practical way to save money, but also a step toward a more sustainable future.
Solar systems pay for themselves by reducing your monthly electric bill. Solar systems have a 5-10 year payback period depending on factors like local climate, cost of electricity, and approach to installation. Considering panels have a 25-year warranty, there’s plenty of time left over to profit off your investment into your panels.
So if you want to go solar but aren’t sure whether you’ll stay in your house long enough for the system to pay itself off, you can rest assured that you can recoup most or all of your solar investment when you decide to list your home.
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