Hub Telegram: A little-known government program called the Residential Renewable Energy Tax Credit, coupled with the massive evolution of solar technology, have combined to make 2015 the best time there has ever been to consider solar for your home. This program allows Americans to install solar on their homes for shockingly low cost, and reduces their electricity payments by an average of $1,560 per year.
But there’s a catch: Like most government programs, this tax credit is likely temporary, and is currently set to expire on December 31, 2016. But the good news is, once you’ve installed solar, you’re in the green, and you’ve locked in your savings. If the thought of lower (or even eliminated) electricity costs sounds appealing, then the time to act is right now!
A Middle-Class Stimulus Package
Unknown to many, the Residential Renewable Energy Tax Credit is targeted towards the middle class. If you own your home, and your electricity costs are over $100 a month on average (think high summer A/C costs, and high appliance use in the winter) then you most likely qualify. Basically, the government wants you to have the benefits of solar power, which puts more money in your pocket, creates jobs in America, and helps fight climate change. There are several options to take advantage of these incredible incentives – which utilities hate. Here’s why:
- You can now get solar with no upfront costs thanks to home solar loans
- $0 down lease and PPA programs use the incentives to give you low electricity rates
- Upfront purchase provides immediate payback with zero interest and 70-90% lower electricity costs
You think utilities like the above? Rest assured, they do not. They’d rather keep you paying for energy at higher and higher rates each and every year, rather than allowing you to lock in 2015 rates, reduce power consumption from their plants, and sell energy back to the grid. Just look how energy rates have increased in the past few years:
Think that trend is likely to change any time soon? Very unlikely. Here’s the kicker: The government has required utilities to pay homeowners additional incentives to install solar in many states. Yes, that means even more cash back from your utility! But, utilities are starting to fight back. They don’t want to pay homeowners to install solar, since it cuts into their profits. If you plan to take advantage of existing incentives to install home solar panels, you may need to act fast!!
Solar Has Never Been Cheaper
In fact, solar is about 99% cheaper than when the technology was born. You wouldn’t have bought a computer when it was first invented, or in its first few iterations, because you would have had to mortgage your house to do so, and its processing power is now eclipsed by today’s most basic smartphone.
Similarly, solar was expensive and inefficient when it was first invented; a mere glimmer of its shining potential. In 2015 though, that potential is being realized. The cost of solar panels has plummeted, and is now well beyond the point where the average homeowner with reasonably favorable sunlight conditions can easily slash their monthly energy bills, and in some cases even sell excess power back to the grid for additional savings. How do you know if your home has the right conditions?
How Do You Find These Solar Incentives?
There are a few free websites out there that will get homeowners connected with reputable solar companies in their area, who will provide quotes for solar with the incentives included, and allow them to choose the best one.
SolarAmerica, one of the country’s largest and most reputable solar education websites, is one of the few companies with all top solar companies in its network, and is currently assisting homeowners like you to obtain further information regarding the solar programs and incentives available. We can help connect you with reputable solar companies in your area, who will provide free solar quotes with the incentives included, and allow you to choose the best one.
The average monthly savings for most eligible Americans is $150, and many homeowners not only save money now, but depending on their current utility rate plans, they can save even more in the future when rates increase. Add it all up, and going solar means you will likely lower your energy bills, protect yourself from rising rates, and can also get cash back during peak months.
This often overlooked method of lowering or even eliminating your energy bills is a great way for you to increase the value of your home, all while saving more money with clean power production.
It just takes a quick consultation with a solar representative to find out if your home is a good candidate for solar, and there are no fees or obligations with these types of consultations. You have nothing to lose except your energy bill – while the incentives last.