If you follow my blog regularly, you know that I have been discussing your need to convert to solar power, particularly with Sunpower. I have also mentioned in past blog posts that time was running out for you to save on upfront costs of solar installation due to federal government tax incentives that were due to expire after 2023.
Well, recently, I’ve been doing research on the federal government incentive, and I’ve discovered that you still have some time to take advantage of tax incentives. As a matter of fact, the Fed has increased the savings from 26 percent to 30 percent and has extended the offerings until 2033. At that time, the percentage will decrease to 26 percent once again. In 2034 it will drop down to 22 percent, and by 2035, the incentive may disappear.
What does this mean for homeowners and businesses? This means that when installing your solar panels, you have the chance to save if you qualify for the federal tax break. Additionally, after getting solar panels, you can count on savings while using your solar energy system through the process of net metering.
With net metering, when your panels produce more power than your house can use, that excess goes back to the grid. For the excess, your energy company will reduce your energy bill in the form of credits to your bill. So not only do you save during installation, but you continue the savings once the panels are installed.
Does this news get you excited enough to make the switch to solar power with Sunpower for your home or local business? Click the button below to get started with a quote on solar panels from SunPower.
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Mel Childs is the author of this article and the owner of Move Me To Atlanta. She also owns her own writing company in the suburbs of Atlanta, Georgia. Additionally, she has written freelance for various publications, including Bob Vila, This Old House, Lawnstarter, WikiLawn, Homelight, Fixr, LeadsForward, Upscale Magazine, Black EOE Journal, Ancient Origins, and many more.