Solar Home Improvements

Going solar is all the rage these days with huge monetary incentives fueling the fire. Like most people, you’re probably open to ways of saving money and even have money you invest bring you greater return. Here’s a little trick to write off an additional part of your solar energy system purchase.

The investment tax credit (ITC), also known as the federal solar tax credit, allows you to deduct 26 percent of the cost of installing a solar energy system from your federal taxes in 2020. The ITC applies to both residential and commercial systems, and there is no cap on its value.

Improving your home with a solar panel system is financially beneficial nowadays. The federal government, many states and some cities toss monetary breaks at you to promote going solar for energy. With the federal government, you are going to get a $2,000 tax credit, a figure that is subtracted from the amount of tax you owe the IRS at the end of the year. States pursue a variety of strategies, however many offer rebates where they really pay for part of your brand-new system. Cities likewise provide rebates, often by discounting your property taxes.

On top of all this, you can make the most of net metering laws in a majority of states. Net metering means you can sell your excess solar energy electrical power to the regional utility when you aren’t utilizing it. Called being on the grid, absolutely nothing is more gratifying than viewing your energy meter run backwards during the day! As you can see, this has a nice impact on your utility bill at the end of each month.

There is one extra monetary benefit many people stop taking advantage of. Even if you have the cash in your hot little hand, you should think about taking a house equity loan or refinancing your home to take out money to pay for the system. Why? Because of mortgage interest deduction! Improvements to your home are deductible if they are included in your home mortgage payment.

Now, you might be rolling your eyes considering going through the refinancing procedure. Don’t. Numerous federal home mortgage institutions are needed to offer financing for individuals wishing to enhance their home with solar systems. Even better, most of the loans are composed at a rate of interest well below current home mortgage rates.

If you are thinking about doing a solar-based improvement to your house, speak to your loan provider about financing choices. Take advantage of this technique and you’ll be getting a mortgage tax deduction, tax credit, rebate, real estate tax discount and selling power back to the utility company when you go solar energy.

With so many monetary rewards, you need to ask yourself whether you can afford not to go solar.

Installations done right

Our philosphy is to only use the highest quality equipment on the market.   Every panel we sell comes with a 25 year warranty and we back that with our 25 year labor warranty which gives you peace of mind knowing your solar system will be supplying your home energy well into the future.

I have never dealt with a business so customer orientated and honest. I’ve had my system installed for 3 months now and am very happy with workmanship and final outcome. They were super professional and attentive during the install and went abovè and beyond the call of duty. I highly recommend SPBB for any solar and electrical job. Thank you again.  A+

Josh A.

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