Here’s How to Save With Solar & Solar Incentives

Does switching to solar really save you money over time?

Solar is a big investment and for some, this can be daunting. However, with conventional sources of energy increasing and the prices of solar solutions decreasing, switching to solar has the potential to save you a significant amount of money overtime. Installing solar panels will lead to a reduction in your monthly utility bill, and in some cases, will eliminate your bill altogether. Solar can also add value to your home when you sell because buyers know they will inherit a reduced utility bill.

Solar Incentives

Federal and state solar tax credits can also help you save money by lowering your out-of-pocket costs for a solar system. Currently, there is a federal solar tax credit that gives homeowners and businesses a tax credit equal to 26% of the cost of the solar system. The federal credit is set to expire in 2022 so if you are thinking about switching to solar, now is the time to do it. In addition to the federal tax credit, each state may also have tax credits and other incentives making solar even more economically viable as an energy source. Find more state and local incentives here.

Solaria’s Solar Savings Calculator is a great tool to help estimate how many panels your home will need and the savings associated by investing in Solaria’s panels.