Tax Benefits
Preserve working capital and reduce taxable income through tax credits and depreciation
Solar as a resource is clean, reliable and unlimited. Fossil fuels are becoming scarce and it’s in everyone’s best interest if we make the shift now. You will feel good about your decision from day one and you will save money while you’re at it.
Solar investments deliver on a multitude of financial and environmental levels.
Tax Benefits
Preserve working capital and reduce taxable income through tax credits and depreciation
Energy Savings
Experience immediate savings with reduced power bills and hedge against future rising utility costs
Increase Home Value
Solar panels increase the attractiveness of a home on the market and raise the sales price of the average home
Environmental
Reduce your carbon footprint and trust the power you are using in your home is clean and renewable
Solar Photovoltaic arrays capture sunlight and convert it into electricity. In only 10 seconds, the sun sends over 10,000 times the energy needed to provide the world’s total combined energy use.
1Photons to Electricity
Photovoltaic (PV) cells made from purified silicon use photos in sunlight to excite electrons that create electric energy.
2DC to AC Conversion
An inverter electronically converts the direct current (DC) electricity from the panels into alternating current (AC) and matches the grid.
3Clean Power For the Future
The home uses the solar-generated electricity, thereby reducing its need for grid energy with long-term solar power.
4Enjoy the Benefits
Save money and take control of your electricity needs by producing your own renewable energy on site while reducing your carbon footprint.
We have a variety of finance solutions to fit any project large or small. Our sales team can guide you towards the best loan product for your family and get you approved in minutes.
Our loan products offer the following benefits:
*The investment tax credit (ITC), also known as the federal solar tax credit, allows you to deduct 30 percent of the cost of installing a solar energy system from your federal taxes. The ITC applies to both residential and commercial systems, and there is no cap on its value. The ITC will be stepped down over the next 5 years. Here are the specifics: 2016 – 2019: The tax credit remains at 30 percent of the cost of the system. 2020: Owners of new residential and commercial solar can deduct 26 percent of the cost of the system from their taxes. 2021: Owners of new residential and commercial solar can deduct 22 percent of the cost of the system from their taxes. 2022 onwards: Owners of new commercial solar energy systems can deduct 10 percent of the cost of the system from their taxes. There is no federal credit for residential solar energy systems. In previous years, owners of new solar energy systems could not claim the tax credit unless their system was operational. Now, recent legislation allows homeowners to claim it as soon as the construction of the system begins, as long as the solar panel system is operational by December 31, 2023.
Now is the best time to invest in solar based on the technology, low cost, and available incentives. The benefits of using solar power will continue as long as you use electricity to power homes and buildings.
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