Recent changes have many asking, “is the solar tax credit going away?”
This deduction allows homeowners to reduce the costs of solar panels and installation by 30%. However, you may have heard that the solar tax credit going away. This is also true! Read on to find out why and how to maximize savings when switching to solar in Florida.
Solar Tax Credit Deadlines
The solar tax credit is scheduled to sunset on December 31, 2033, and go from its current 30% down to 26%. After 2033, the solar tax credit deduction will be reduced to 0% and go away unless Congress decides to renew it.
Savings With Solar Tax Credit
The average homeowner in Florida saves $9,000 with the federal solar tax credit. If you calculate the cost to switch to solar and compare it to the cost of staying with your utility company, the numbers make it clear that switching to solar is an investment worth making.
What To Do Now With Solar Tax Credit Going Away
If you’re considering switching to solar, the first step is determining if your home is a good fit for solar panels. Here are some things to keep in mind:
- Do you have enough room on your roof for panels?
- Is your roof in good enough condition to support solar panels?
- What size/type of solar panel system is right for your home and budget?
Finally, make sure that you understand how much energy your household needs and if solar is capable of providing all of it. For example, if you have an electric car or are planning on buying one in the future, you may need to plan for extra solar panels to accommodate it.
What’s the best way to determine if solar is right for your home? Schedule a free solar panel quote from our team! We analyze your roof, home, and energy bills to help you determine how many solar panels are needed and what system is best for your home. In addition, you will know how much the total costs are and be able to calculate the ROI of your investment.
Have questions about the solar tax credit going away in Florida? Don’t wait for the solar tax credit to expire! The experts at Raze Solar are here to help! Call or text (904) 595-6835, schedule a free solar panel quote online, or view our services areas and learn how to make the switch. Learn more about our solar energy company and see recent projects by following us on Facebook and Instagram.