If you’re considering making the switch to solar power, it’s important to know the benefits. Not only is solar a more renewable and eco-friendly option, it can also save you a lot of money in the long run. Knowing some of the rebates and incentives for installing solar panels can help you decide if it’s right for you.
Federal Investment Tax Credit
No matter what state you live in, the federal government offers a tax credit to people who use solar power for their homes. This credit equals 26 percent of what you paid for your installation against your income tax. Unlike a deduction, which lowers your taxable income, this credit offsets what you owe directly.
Arizona State Tax Credit
In the state of Arizona, there’s a 25 percent tax credit that works just like the federal one. This credit can’t be worth more than $1,000 total. However, when combined with the federal credit, this can add up to quite a bit of savings.
Performance-Based Incentives
You can also get performance-based incentives for installing solar panels. These incentives pay you for each kilowatt-hour you generate with your solar package. The rate you’ll be paid will be determined when you get your system installed so you can start working it into your utility budget.
Need Help Installing Solar Panels in Valley Vista?
If you’re ready to start using solar power for your home and want the best possible company by your side, Angle Solar is here to help. Our knowledgeable and experienced technicians can answer all your questions and help you get the best system for your needs. With a wide variety of packages and expert installation, you can get the most out of your system. Contact us today!
Expert Help Installing Solar Panels in Valley Vista
Serving Kingman, Golden Valley, Valley Vista
Posted on June 9, 2022 | Published by Ignite Local | Related Local Business