Financing & Incentives
In addition to the monthly savings you’ll see after solar panel installation, you can take advantage of current tax incentives and offers to get even more financial benefits. You can claim a substantial credit on your taxes for the year installation was completed for expenses such as solar panels, permitting fees, storage devices, and some sales taxes. For systems installed in 2022 and 2023, you can expect up to 30% in tax credits for installing solar panels on your home. Tax incentives change from year to year, so be sure to ask us for current information on this subject.
When it comes to financing solar panel installation for your new home, the cost can be included in your mortgage so that you don’t need to pay it all at once. And if you want installation for your current home but don’t want to pay for it upfront, you can sign a solar lease or power purchase agreement (PPA), wherein you have a fixed monthly payment or agree to buy power at a set price. In both of these cases, you won’t personally own the system, but you will benefit financially and enjoy a reliable, sustainable power source.