You may have thought about moving to solar energy to power your home. Perhaps you’ve seen the panels on your neighbors’ homes and thought, “I need to do that, too.” Perhaps the cost or questions about savings have kept you from making that long-term investment. If so, we have some great and urgent news.
The federal solar tax credit is a U.S. government program that allows you to write down what you owe in taxes based on a percentage of your cost for a solar photovoltaic system. In 2021, the solar tax credit is a substantial 26%. There’s no time like right now to start saving more of your money instead of giving it to your electricity provider. Make a resolution for the new year that you’re going to move to solar power.
How the credit works
The solar tax credit isn’t a gimmick. It’s a government-run program that lets you keep more of your money when you invest in solar. After your energy system has been installed, you can apply for the tax credit. You’ll receive 26% of your total project costs (including equipment, permitting fees, and installation) as a credit on your federal tax return.
If you have any questions about your particular circumstances, we recommend the U.S. Department of Energy’s “Homeowner’s Guide to the Federal Tax Credit for Solar Photovoltaics.” There, you’ll find additional information about:
- Eligibility
- Where you install your solar energy system
- Answers to your tax question
Qualifying for the solar tax credit
Qualifying for the credit is easy. You’ll earn the full 26% benefit if you meet the following requirements:
● You own the single-family home that you are furnishing with solar power
● You own the solar panels purchased for your home
● The system is installed and producing electricity
Plus, there’s no maximum amount that you can claim. And you can still claim the benefit even if you’ve financed payment through the seller of your system! Florida Solar works with different home improvement lenders and can guide you to the financing option that will work for you.
Get your energy system from Florida Solar
Contact us now at Florida Solar so that we can provide you with a long-term energy investment. Just a few of the benefits of working with Florida Solar:
● Nearly 40 years of experience installing residential and commercial solar energy systems
● We can sell, install, and service your system
● We partner with various lenders, so you can find the financing that works for you
● A commitment to outstanding customer service
Don’t miss this chance to save and work with a company that knows solar power. We’ll help you understand how to claim your federal solar tax credit. The sooner you contact Florida Solar, the sooner
we can get you on the path to long-term energy savings at a big discount over what you’re paying today for your energy bill.
If you have any questions about solar power or would like more information about our services, email us today at sales@floridasolar.solar or call 727-300-1515. Our experts are available to discuss different types of solar energy systems, the savings you can expect, and your financing options.
