SOLAR PANEL INSTALLATION COMPANY

The federal solar tax credit system has been around for some time and is designed to cushion you from some of the initial costs of switching to solar panels. The incentive allows homeowners who migrate to residential solar to deduct up to 30% of their solar costs from their income taxes.

However, the incentive is not permanent and reduces every year. In 2020, the tax credit was at 26%, and it was set to drop to 26% in 2021, but due to COVID-19, it’ll remain at 26% for two years before dropping to 26% in 2022.

Local incentives are only meant for businesses and homeowners in a particular state. For instance, some states such as Illinois offer enticing residential solar panel installation incentives that allow homes that qualify up to 50% or more off their solar panel installation cost.

These solar panels’ incentives vary from state to state. Therefore, if you are planning to switch to solar, call our office number or fill out the form, and we will gladly find out the solar incentives available in your area.

Keep in mind that state-specific incentives are always changing because most states set a cap on how many homes can take advantage of them. Therefore, the faster you decide to switch to solar, the better.

The solar industry is also evolving, and the faster you migrate, the better because the cost of solar panels may start to rise in the coming years.

Whether you are installing commercial or residential solar panels, you might be wondering what happens when you produce more solar power than you consume. Does your utility company pay you for it? Well, the truth is that neither utility nor solar energy companies will pay you for the excess solar power, but you get credit for it.

This is accomplished through the net metering system. During the day when your solar plant generates electricity, the excess is fed to your utility grid, and you earn credits. Your meter runs backward during the day, and you can utilize the excess power at night or during winter when your solar panels aren’t performing optimally.

This process offers two significant advantages. First, you don’t have to install batteries for storage which can be costly.

Also, in states where the winters are harsh, property owners can install a powerful solar system that generates a lot of energy during the warmer months when there is plenty of sunlight and feeds the excess power back to their grid for later use during the winter months.

However, you need to keep in mind that not all utility companies offer net metering. Therefore, call us to find out the programs available in your area.