Solar Tax Credit Extended
There has never been a better time to invest in solar. Home and commercial solar pricing are competitive and finance interest rates are low.
To top it off the Federal Investment Tax Credit (ITC) for solar projects, the residential and commercial solar tax credit will remain at 26% for 2021 and 2022.
The ITC will then drop to 22% for projects that begin construction before the end of 2023.
So let’s talk real numbers a 5kw system can cost between $11,000 and $22,000.
That means the solar tax credit could save you between $2,860 and 5,720.
Now let’s say you finance your system at 0.99% interest for 20 years.
Your system will cost between $50- $101 a month if you don’t invest your tax credit back into your system.
With payments like that solar has never been more attainable.
If you would like to know more about your solar options and see how you can take advantage of the federal Investment tax credit click here for a free quote!