Thousands of savvy homeowners are using a little-known Program that pays homeowners $4,680 to go solar. Check If Your Zip Code Qualifies Here
July 29, 2020 — Here’s something the power company doesn’t want you to know. A little-known government program allows homeowners who live in these certain areas to receive a big payment incentive to switch to solar.
The program is called the Federal Residential Renewable Energy Tax Credit, which provides subsidies and rebates that covers the costs associated with installing solar panels. In fact, the average tax break gives back $4,680 for installing solar panels.
Has your power company told you that? Most likely not. That’s because once homeowners ditch their power company and go solar, their energy bill is drastically reduced — often to $0 or close to it. You can bet the energy companies are not too thrilled about that.
California Homeowners should check to see if their zip code qualifies here before the program expires.
Due to the the numerous cost and environmental benefits to modern solar panels in 2020, the US government is doing everything it can to help more Americans go solar.
Generally, installing solar panels can be cost prohibitive for homeowners. But as a country, we cannot afford to ignore the short and long term benefits of solar energy. For that reason, the government has set aside billions of dollars in incentives to help Americans pay for the installation and use of solar panels.
But under the current administration, this incentive may soon be cut. The good news is that once you’re in, you’re able to claim all available rebates and tax incentives.
Many people think they need to live in a hot, sunny climate in order for solar to work. That couldn’t be further from the truth. Yes, sunlight is needed… but not as much as most people think.
Even in cold, winter climates with just a few hours of sunlight can be enough to power the average home — even in cloud conditions. That makes solar viable even in places like Alaska with longer, colder winters.
With government rebates and incentives, homeowners have an opportunity to go solar for $0 out of pocket, or close to it. Unfortunately funding for this program will not last forever. At any point the current administration can close down the incentive for anyone that has not yet taken advantage.
The good news is that once you’re in, you’re in. So for that reason it is recommended that homeowners check if they’re home qualifies while the program is still available.
Checking eligibility is completely free and only takes about 30 seconds to check if your zip code qualifies here.
¹According to ConsumerReports, “An average-sized residential solar system—about 400 square feet of solar panels—costs $18,000, according to the Solar Energy Industries Association, an industry group. The tax break reduces the cost by $4,680, to $13,320.” Reference Article: https://www.consumerreports.org/solar-panels/how-to-get-a-solar-tax-credit/
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