We have some good news to share! As part of the Inflation Reduction Act passed by Congress in August, the federal solar tax credit, also known as the investment tax credit (ITC), was increased to 30% and extended to 2034.
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2022 is the last year the Federal Solar Tax Credit will be at 26% for residential properties. Starting in 2023, the credit will drop to 22%, and by 2024 the credit will be eliminated. We’ve said it before, and we will keep saying it— the time is NOW for solar.
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Recent MIT study finds that homeowners are willing to sacrifice system performance for better-looking solar panels. Luckily, with Solaria panels, homeowners don’t need to make any sacrifices.
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As a homeowner, you can control how much electricity you use by being more mindful around your home, i.e., turning off lights, lowering your thermostat, and hanging your clothes to dry, but you can’t control the rate at which you pay for electricity. This can be quite frustrating for homeowners. There is an alternative, however, and that is solar.
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This is the most common question that homeowners have when thinking about going solar. The good news is that with the increase in demand for solar power and the advancements in technology, the price of solar has significantly declined over the years. There has never been a better time to go solar.
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