In case you were wondering when is the right time to contact one of the solar companies in Santa Rosa, 2019 is the year for that perfect solar transition. This is especially true if you are a resident of California, since the government has been undertaking willful initiatives for implementing maximum solar electricity units before the next decade counts in.
For bringing the US Government’s vision to fruition, the ITC (Investment Tax Credit) has brought into implementation, a flat 30% credit on your total purchase and installation cost of domestic and commercial solar electricity units and systems.
And guess what, this offer would be valid till 2020, after which the rate will fall down to 26%.
Offerings of the Federal Government
Avail 30% CREDIT in 2019
As per the official documents released by the federal government, those solar PV systems that were brought into service before December 31st, 2019 are to be considered eligible for the above-mentioned 30% tax credit.
Please bear in mind that whenever you put your solar PV systems into service after December 31, 2019 or after January 1st, 2020 through December 31st2020, the tax credit amount will be 26%. This clearly shows how much profit you can claim if you introduce solar panels before the mentioned dates.
Hurry Up for Exclusive Solar Incentives!
As the saying goes, the early bird gets the worm. Similarly, in the form of domestic solar projects, you need to take advantage of the current situation in the solar marketplace.
Now is the time to transform the way you consume electricity. With solar panels and the entire electricity-producing unit being placed at your place, you can certainly wait for magic when it comes to your monthly electricity bills.
It is a given that solar-powered electricity is unlikely to become expensive. Nevertheless, the initiatives of our government clearly show that there will be a massive difference in the solar tax you require paying post-2020.
So, act early and adapt to the changing environment. Install solar, and live a stress-free life with an exchange for a fair credit.
Below, we have listed information regarding the various credits and incentive rates that you would be eligible for at every solar unit installation post-2020.
1. Installation between January 1st, 2021 and December 31st, 2021 could make you eligible for availing a 22% tax credit.
2. Putting your solar units into service between January 1st, 2022 and December 31st, 2022 shall provide you with a lower solar tax credit of 10%.
3. After January 1st, 2023, no more tax credit will be available for residential solar installations.
Call Summit Technology Group at 707-542-4773 for excellent solar installation service in Santa Rosa, Sonoma County in California. At Summit Technology Group, we only deal with high-quality equipment, and deliver optimum service at your doorstep.