Take advantage of the new Pennsylvania tax credit for solar panels.
Find out exactly how much solar will save Dauphin County, PA homeowners
Solar Tax Credits Available to Dauphin County Residents
There has never been a better time to go solar. The cost of solar panels has fallen over the past decade and the value of solar tax credits and local incentives is at its greatest. This means that home solar panels are more affordable than ever before. But it won’t last forever – solar tax credits will be phased out over the next few years, so you need to act quickly to take advantage of these generous cost savings.
Momentum Solar, one of the leading solar installers in Dauphin County, is committed to helping its customers go solar. Our team is up-to-date on changing regulations and will ensure that you take full advantage of all tax credits, rebates, and incentives available at the time of purchase. You don’t even need cash upfront in order to get stared – we offer a variety of solar financing options designed to help you go solar while the best incentives are still available.
Federal Solar Investment Tax Credit (ITC)
The most well-known and popular incentive currently available is the federal government’s solar Investment Tax Credit (ITC). This tax credit has helped countless numbers of Americans make the transition to solar by offering an incredible 30% reduction on the cost of going solar. The solar tax credit works as a dollar-for-dollar reduction on your income tax liability, allowing you to subtract 30% of the cost of your solar panels from your annual tax bill.
Unfortunately, the government has announced plans to phase out this popular incentive. Until the end of 2019, the tax credit is still worth 30%. In 2020, the amount will be lowered to 26% and then further reduced to 22% in 2021. After 2021, the federal solar tax credit will no longer to available to residential customers. This is the best way to lower the cost of your solar panels, so we encourage you to act now while the tax credit is still available.
Solar Financing Options
With the solar tax credit expiring at the end of 2021, many Dauphin County residents are looking for ways to go solar as quickly as possible. If you have been saving money for solar panels but have not yet saved the full amount, a solar loan can make up the shortfall. Solar loans are also available for the full cost of your system. Given the high cost of electricity in Dauphin County, your loan repayments will likely be lower than what you paid for electricity before getting solar panels. For many of our customers, solar loans make perfect financial sense.
If you are unable to get a loan or don’t want the responsibility of owning solar panels, then a Power Purchase Agreement (PPA) is an option to consider. Through this arrangement, Momentum Solar will own and be financially responsible for the solar panels of your rooftop, while you pay only for the electricity they generate.
Free Solar Consultation in Dauphin County
If you want to take advantage of solar tax credits before they expire, then the time to act is now! We offer a free consultation to anyone who wants to learn more about our solar panels. During this consultation, we can provide further information about solar tax credits as well as the financing options we have available. At the end of your consultation, you’ll have all the information you need, including a custom price quote, to decide if solar panels are the right choice for you. Please contact us today to schedule your free consultation – we look forward to hearing from you!
This customer’s bill is estimated to be $150 lower than the previous bill.
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