If you’re a homeowner and you’ve considered going solar, there are some tax incentives you should know about. Here we’ll break it all down so you understand yet another way that choosing Primitive Power puts money back in your pocket!
The ITC (a Solar Investment Tax Credit) was created to encourage homeowners like you to put panels on your roof. This credit has helped the US solar industry grow by 10,000% since 2006. That’s not a typo…ten THOUSAND percent! It’s proven to be one of the most important incentives for folks to choose clean energy.
How Does the 26% Tax Credit Work?
To put it simply, 26% of the value of your solar system is deducted from the income taxes you pay. This is a dollar-for-dollar reduction in the amount you pay each year. This tax credit even applies to homeowners who move into a new home with solar already installed; the credit would simply begin the year they move in!
The rooftop solar tax credit was set to expire at the end of 2020, which had many homeowners hesitant to move forward with panel installation. However, congress just extended the tax credit for two more years!
If you’re ready to take advantage of this 26% tax credit, own your power, and have sustainable energy powering your home, reach out to the solar experts at Primitive Power. We’ve got answers to all of your questions and can even create a rendering of what the panels would look like on YOUR roof!
Are you ready to own your power? Reach out to Primitive Power today!