Cost of Solar Energy in Your Home
Of course, the cost of solar energy pales in comparison to the long-term savings. Installing solar energy in your home is easier and more affordable than ever before thanks to the prominence of solar power throughout the country. That means you have several options you can pursue that will greatly reduce the cost of solar energy. No matter what selection you make, achieving energy independence is worth the investment.
Federal tax credits
The IRS allows homeowners to receive a tax credit equal to 26% of your solar power costs. A tax credit is better than a deduction, because if the amount is large, it can be carried forward to apply to future tax years. This credit is being reduced to 22% in 2021, and will be no longer available beginning in 2022.
Financing Options - 0% down financing
Financing a solar energy system can often create a positive cash flow from the first day as the system is paid off. We work with the top solar finance companies in the country to get you the best rate and term for your project. Our energy advisers help you select the right program and explain the tax benefits associated with the project.
Property Assessed Clean Energy (PACE) is an efficient and no-money-down way to get homeowners into solar power by financing the power system like a tax through the county or city office. PACE is not yet a state-wide program and is strictly based on counties and cities throughout Florida. Solar Advantage is a registered contractor with several top-notch pace providers to give you the best options.