August 2019: 4 Reasons Why Now Is The Time To Go Solar

Source: Solar Energy Investment Tax Credit

We understand that going solar isn’t an easy decision to make and we get that going solar is a big investment. So in order to help you with the decision to go solar we put together some great reasons why you should go solar now.

Solar Federal Tax Incentive
If you are interested in going solar now is the time to do it. Before 2020 if you go solar you will get a 30% tax credit. Once 2020 hits the tax credit goes down to 26% and then down to 22% the following year. After that it will be phased out completely. This makes 2019 the year to get the most out of your solar panels.
Solar Tax Credit Breakdown:
Now-2019: tax credit incentives for solar energy are at 30% through December 31st 2019.
2020: The tax credit decreases to to 26% for the tax year of 2020.
2021: The tax credit decreases to 22%.
2022: A 10% deduction will be available to owners of new commercial energy systems, but no tax credit will be available for residential owners.
2022 forward: The tax credit will expire completely.

2. Solar Increases Your Home Value
A well documented study conducted by the U.S Department of Energy’s Lawrence Berkley National Laboratory (2015) estimated that a home’s value increases by an average of 3% to 4% after solar panel installation.
In addition, Mike Orr an analyst with Arizona State University’s W.P. Carey School, found that homes with solar panels sold for more over those without solar in the last year, unless the solar is leased.

Average price per square foot:
Non-solar: $131.14
Leased solar: $127.29
Owned solar: $144.31

3. Solar Electricity Is Clean Energy
Solar electricity doesn’t create any green house emissions. This means they don’t pollute the atmosphere when used. Generating electricity with solar power instead of fossil fuels can reduce greenhouse gas emissions. Greenhouse gases are produced when fossil fuels are burned which can lead to negative effects on the environment.

4. Eliminate Or Reduce Your Electricity Bill By Going Solar
Going solar can eliminate or significantly lower your electricity bills to where they are no longer a factor in your budget. Over the past decade national electricity prices have risen 2.2% every year. Since electricity prices will continue to rise, your savings will continue to grow every year. When you generate your own electricity by going solar you lock in your energy costs at a constant rate instead of having to worry about fluctuation of electricity prices.

Sources:
https://prometheussolar.com/solar-101/five-reasons-go-solar-arizona/
https://www.energysage.com/solar/why-go-solar/
https://thesolarinstitute.org/10-reasons-to-go-solar/
https://www.revisionenergy.com/blogs/30-federal-tax-credit-and-other-incentives-remain-in-place-for-solar-in-2019/
https://www.seia.org/initiatives/solar-investment-tax-credit-itc