Receive Solar Tax Credits Before the Luck Runs Out
Filed under: Solar Installation
Instead of searching for your pot of gold at the end of the rainbow, make your own pot of gold by investing in solar energy. When you install solar energy in 2023, you are eligible for the Residential Clean Energy Credit. The tax credit is 30% of the installed system and will be applied to your taxes at the end of the year. This means that you will pay less in taxes due to installing solar panels.
The Residential Clean Energy Credit rewards those who invest in solar energy and, consequently, invest in our planet’s future. The government offers the credit as an incentive to make the leap into solar energy, putting less pressure on the ongoing energy crisis. When we all work together toward cleaner, greener energy, we can benefit the environment.
Why Solar Tax Credits Matter
Solar energy is a significant investment whether you pay for solar panels in cash or take out a loan. While the return on your investment is instant with solar energy as you save on your monthly energy bills, extra help from the Residential Clean Energy Credit will make going solar more within reach for many families.
When you think about tax savings, you can reduce your investment by thousands of dollars in some cases. For example, if you were to owe $6,000 in taxes at the end of the year, your solar tax credit could reduce that bill to $0. What a relief!
Doing Your Part
Going solar is about more than cashing in on a government tax credit. The earth suffers as more fossil fuels are burned to power our buildings and electricity. When installing solar panels on your home, you can enjoy powering up your home using the sun’s renewable energy. In addition, a solar panel system with battery storage will keep your home up and running during a power outage or when the sun goes down for the day.
Learn About All of the Options
Our team at New Day Solar can provide you with details about available solar tax credits to maximize your investments. Claim your tax credits and get the best deal yet on solar panel installations. Call for an estimate with a solar professional you can trust: (855) 444-6329.
