If your zip code qualifies, the Federal Residential Renewable Energy Tax Credit can pay you to go solar!
Thanks to a little-known government program called Federal Residential Renewable Energy Tax Credit, homeowners in specific zip codes are getting thousands in rebates to install solar panels.
IMPORTANT UPDATE: SOLAR PANELS ARE ABOUT TO GET A LOT MORE EXPENSIVE. Trump’s tariffs will increase costs so the time to act is now. Read more about the tariff here.
This is a big deal. Because there are millions of people who would love to get solar panels installed on their homes, but the cost is prohibitive. But not if they live in specific areas.
How Does it Work?
The government would like as many people as possible to switch to solar. Here’s why: Solar is cheaper, and better for long term economic strength. Here’s how “going solar” can affect what you pay:
But the problem is the cost of going solar is prohibitive. So very quietly, the government has targeted certain zip codes across the USA, and enacted Federal Residential Renewable Energy Tax Credit. This allows homeowners like you to lease (not buy) solar panels, usually for $0 down, and the government will help you afford the system with generous tax credits and rebates. It’s a serious score for homeowners!
The Time to Act is Right Now
Now you might be asking why you haven’t heard of this Tax Credit previously? It’s likely because the government doesn’t want to rile up power companies too much. So like many tax breaks and incentives, it’s just put out there with little fanfare. But it’s very real. If you want to lock yourself into 2018’s incentives, you have to act now.
How Do I Find Out if I Qualify?
It’s 100% free to see if you qualify, and takes about two short minutes.
Don’t Wait For Solar To Get Cheaper
No one would have thought solar would be as cheap as it is today. It costs well over 90% less to install solar in your home than when this technology came into the field. If you wait for it to get even cheaper, you’ll have to speculate on technological advancement. This might take years to make major strides meaning you would have missed out on this great program. According to Treehugger.com, Solar technology like computers was inefficient and expensive in its initial years. Today, the potential of solar energy is being realized in ordinary households. The cost of a solar panel is a fraction of what it was during initial years. It has become quite affordable for the average homeowner. All that’s needed is a sufficient supply of sunlight, information of which is readily available for free from a solar technician. Besides cutting down on energy costs and preserving the environment, some homeowners are making money by selling excess solar generated power back to the grid.
According to ProjectAmerica.Org, Utilities in most states have been directed by the Government to pay more incentives to homeowners for solar installations. You can really get cash back from your utility rather than the other way around. However, this hasn’t gone down well with the utilities and they will try their best to fight this directive. Paying you to install solar to them is bad for business. That’s one of the reasons why you must make good of this program now before any unpredicted developments occur. If you’re in the middle class, you’ve probably missed out on highly beneficial packages. The time to install renewable solar is now. Enjoy the low rates provided in the program before it expires and cut down on your expenses.
How To Benefit From These Incentives Now
You can get information from free websites that are dedicated to connecting homeowners and solar energy specialists within your state. These sites also allow you to get free quotes from local solar dealers and compare among them before you select the best. You can also learn more about the incentives attached to residential solar installations within your area.
By having solar installed in your home today, you can be sure of enjoying these two benefits:
First, you can save an average of over $100 each month. Solar installation can cut down on your monthly utility bills by a large amount.
Second, you will protect yourself from utility rates increases. Remember, for utilities to make more money, they won’t invest in a new program that’s beneficial to you. They’ll simply hike their utility rates which means more money out of your pocket each month. Simply put, the incentives that come with the program are simply too hard to miss out on. You save more, protect your future income and make money.
Solar energy is often overlooked by many people as the best option when it comes to cutting down on monthly energy bills and even getting some money back from utilities. It’s a great way to conserve the environment and provide employment.