Anytime is the right time to go solar, but if you want to claim the federal tax credit for solar power, you should go solar in 2020. The tax credit is phasing out, It currently stands at 26%. In 2023 it will be reduced from 26% to 22%. If you wait until 2024, you’re too late, it will be phased out entirely. Another good reason to resolve to go solar in 2020 is to reduce your dependence on expensive electricity from the grid. A third reason is that going solar can have positive implications for the environment.
The federal tax credit for solar
The federal tax credit for solar is 26% if you go solar before the end of 2022. To be eligible for the credit, your solar system must begin installation by December 31st, 2022. For this reason, it’s better to act sooner than later.
You should contact a qualified tax expert and consult with them. Neither Freedom Forever’s family of independent authorized dealers nor Freedom Forever itself can give you tax advice. A qualified tax professional will understand your situation and be able to give you the most relevant advice.
Resolve to go solar and generate your own power
One of the main reasons people go solar is to reduce their dependency on expensive electricity from the grid. Going solar can make a lot of sense for those with high utility bills. A solar system won’t eliminate the utility bill, but by managing power usage wisely, that bill may be reduced.
Going solar can also add value to a home and may help it sell faster should that home be put on the market. In general, the more pro-environment a community is, the more value solar may add to your home. To understand how solar can increase the value of a home, please consult with a real estate agent.
Going solar is the right thing to do
There isn’t much time to avoid catastrophic climate change according to climate scientists. We need to cut our carbon emissions so we can leave a habitable Earth to future generations. 28 states have set goals to generate at least some of their power from renewable sources. Solar can make a valuable contribution to reaching those goals.
Freedom Forever is ready to help you resolve to go solar in 2020
If you’ve resolved to go solar in 2020, Freedom Forever can help you go solar with confidence. Our 25-year performance guarantee means that you’ll get the quoted power production stated in your contract for a full 25 years.
We monitor your system for 25 years. If we detect that its performance is falling short, we’ll contact you and send someone out to fix it. If the shortfall is caused by something that is our fault, we will compensate you for the shortfall. The amount of compensation you receive will be listed in your contract with us.