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Federal Government Solar Programs Offer Better Energy Solutions to Homeowners

July 6, 2011

How would you like to cut your monthly energy bill down to, say, $40? That certainly sounds good. What would you think about receiving a bill that says, “TOTAL DUE: $0.00?” Better still, huh? Now, how about getting a statement every month from the power company that says they owe you money? Now we’re talking! Well, any one of these scenarios are possible when you install a solar panel system in your home. Yes, it is expensive, but there is good news: the federal government is going to help you do it.

The Federal Tax Credit for Energy Efficiency

From now until the end of the year 2016, the federal government is going to give any homeowner installing a solar power system on their primary residence a whopping 30% tax credit on the equipment and installation. There is no upper limit on the credit, so you can go a little bigger than you may have originally thought for the same amount. Of course, you’ll have to finance the project up front; you’ll receive the credit on the next years refund if you are due a refund, or it may be applied to your tax debt if you owe money.

With the earth’s supply of natural resources rapidly depleting, it has never been more important than now to find alternative sources of energy. The government believes that so much that it is willing to help you do it. Perhaps you should take advantage of it.

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From → Solar

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