Residential solar energy systems can be a great investment for anyone looking to lower their utility bill while reducing their carbon emissions. Federal and state incentives will be decreasing at the end of 2020, making today the best time to invest in solar panels. Keep reading to see if your home is a good candidate!
Benefits of Going Solar
There are quite a few financial and environmental benefits solar energy can offer. Below are some of the main reasons why millions across America have already made the switch to solar power:
- Lower utility bills
- Tax incentives
- Reduces our carbon footprint
- Long term savings
It may sound too good to be true, but with the right installer your dream can become a reality!
Lower Your Utility Bill
Switching to solar power gives homeowners the luxury of price-protected power. Solare panels work by collecting energy from sunlight, which is natural and abundant! You will only need to pay for electricity used when the sun is not present – resulting in much lower electricity bills.
Tax Credits and Incentives
The federal solar tax credit allows solar energy owners to deduct a portion of the cost of installing the solar system from their federal taxes.
Residential and commercial solar energy system owners can deduct 26% of the cost of installation for systems that have begun construction through 2020. The federal tax credit will then decrease as shown by the following timetable:
- 2020 – 26%
- 2021 – 22%
- After 2021 – 10% permanently
Taxpayers will receive the most out of their tax credit if they invest in solar energy today! Solar energy is both a smart investment for your long-term financial goals and the best choice for the environment.
In addition to federal tax credits, customers can benefit from state, county and utility rebates.
You can speak to a dedicated solar energy specialist at Momentum Solar to find out what incentives you may qualify for. We will happily provide you with all available rebates and incentives in your area!
Reduce Your Carbon Footprint
Sunlight is the cleanest source of energy because it occurs naturally. Fossil fuels are manmade and release carbon emissions into the atmosphere, whereas solar power uses light energy and does not release any toxic chemicals. Solar power is also more self-sufficient than fossil fuel since it’s is generated nearly everywhere, while fossil fuels are finite resources that need to be imported from other countries.
Long Term Savings
The combination of lower utility bills with tax incentives can result in thousands in savings over the lifespan of your solar system. Momentum Solar can provide you with a free estimate today!
Things to Consider
Switching to solar energy is a serious decision that requires research – and Momentum Solar can help you along the way!
Homeowners who are looking to install solar panels should consider the following factors:
- Location/size of your home
- How much electricity your home uses monthly
- Configuration of your roof/space for ground panels
- Which incentives you qualify for
- How long you plan on staying in your current home
When you schedule your free consultation with a Momentum Solar Specialist, they assess these components for you and give you all the facts you need to make your decision.
Our mission at Momentum Solar is to enable our customers to take control over their rising electricity costs and start generating cleaner, price-protected power. Visit our website momentumsolar.com or call 1-888-MOMENTUM for more information!