Does the 30% Investment Tax Credit Make Solar Panels for your Home Worth it?

By June 3, 2019 May 12th, 2020 Solar Articles

One of the benefits of switching to solar in 2019 is to take advantage of the 30% tax credit; but you may be wondering how you will be able to claim it/is it worth it? The great thing is switching in 2019 is you are given a 30% credit while you are filing your taxes which is a huge lucrative by adding solar to your home. These incentives are designed to encourage voluntary participation in the renewable energy market. The federal tax credits make the cost of solar panels much cheaper and shorten the payback period. Homeowners are eligible for this tax credit.  Let’s be honest: several people are afraid of the extra loan they will have to take out in order to finance having solar in their homes. After the solar payback period, your energy production turns into a positive profit for yourself.

Soleeva Admin

Author Soleeva Admin

More posts by Soleeva Admin

Leave a Reply