If you spent 2017 considering converting to solar but ended up not following through, 2018 may be the year for you to make the switch. For residential solar systems, the price has reached an all time low, though we’re expecting to see that price stabilize for a while. Now is the ideal time to jump in and purchase a solar system so let’s take a look at how it can benefit you.
30% Federal Tax Credit
The 30% federal investment tax credit will still be in place for 2018, however, it’s going to drop to 26 percent after 2019 and a measly 10 percent in 2021. This isn’t a tax deduction, it’s an actual credit that can be used toward any taxes you owe to the IRS for 2018. 30% of whatever your solar power system costs can be applied towards your taxes as long as your system is hooked up by the end of 2018.
Lower Monthly Bills
Now’s the time to act. Get the installation process now and you will be able to reap the benefits of spring and summer. Summer daylight hours are longer and mean that your system will be working at maximum capacity. If you generate more electricity than you use during those months, you may be able to build up a credit that will last you into next fall and winter, when your system won’t produce as much.
Make Your Home Better Valued
Not only will you be saving on your monthly bills, but you can also make your home worth more in the case that you decide to ever sell it. It’s a great return on investment option for those who wish to make their home better valued in ways that are practical and useful to them on a regular basis. If there’s a chance you may ever sell your home, consider adding a solar power system to improve the value of your home!
Contact Solar Home & Roof Today!
If you have any solar needs, contact Solar Home & Roof USA, LLC. at 410-266-7891 or by email at email@example.com. Our solar powered products will help make your life easy, environmentally safe, and cost efficient! We’re located at 3200 Escapade Circle, Riva, Maryland 21140. Contact us today!