Considering Solar? 4 Key Reasons To Start Today

An increasing number of homeowners nationwide are beginning to make the switch to solar power. The writing on the wall is clear: solar power is more than just a trendy renewable energy source: it is an opportunity for energy independence. Whether driving around town or perhaps just walking around your neighborhood, you may start to notice solar panels on a wide range of buildings and houses. If you’ve ever considered making the switch, here are 4 key reasons why you should start today.

Financially Efficient Energy

Each and every day, the sun emits more Kilowatts of energy than we could possibly ever use on Earth. Best of all, energy companies will never be able to monetize and restrict access to sunlight for homeowners. As a result, you control your energy supply. The longer you use solar panels, the better the financial incentive. After all, energy from the sun is free

Environmentally Friendly

Unlike gas, oil, or coal, solar energy is an incredibly green renewable energy source. By adding solar panels to your home, you’re minimizing our country’s carbon footprint while reducing greenhouse gas emissions. The only ‘“fuel” needed for solar panels is a water source. By making the switch, you can feel good about your role in fostering a more sustainable future for the generations to come.

Improved Consistency

Over the years, power outages, blackouts, and grid failures have received newsworthy attention. No matter how stable your power provider says their grid is, there’s always a risk of energy shortages when you’re not capable of producing your own energy. By implementing solar panels, you simultaneously free yourself from the holds of energy providers.

Job Creation

As a responsible home owner, you have a vested interest in the economic wellbeing of this great nation. By adding solar panels to your home, you’re supporting thousands of hardworking Americans. In turn, your state and local economy benefits from job growth and a diversified income avenue.

At Veteran Solar, we fully understand that there are more solar providers to choose from now than ever before. Our veteran owned and operated company is proud to provide top-tier quality and dependability for solar energy. If you’re interested in learning more, please feel free to reach out to us using our appointment form. We look forward to hearing from you, and hope you gained valuable information and insight from our blog post!

Considering Solar

Solar ITC and what it means for you!

“The Solar ITC goes down in 2020 to 26%”

What does this mean for you? It can mean missing out on thousands of dollars in savings! For the average sized solar system in the US it can mean a difference of close to $10,000 dollars.

To break down the full current tax credit Schedule lets take a look at this image:

This is the current schedule assuming the Federal Government does not change it between now and the end of the year.

Now how late is to late to act in 2019 you might ask? To take full advantage of the 30% tax credit in 2019 the project must have commenced construction. Looking at historical deadline rushes in the industry it would be recommended to have signed up for your solar system no later than the 1st of December 2019.

As long as you own your solar energy system, you are eligible for the solar investment tax credit. Even if you don’t have enough tax liability to claim the entire credit in one year, you can “roll over” the remaining credits into future years for as long as the tax credit is in effect.

How do I claim the investment tax credit?

You claim the investment tax credit for solar when you file your yearly federal tax return. Remember to let your accountant know you’ve gone solar in the past year, or if you file your own taxes make sure that you check the box for the ITC.

You are eligible for the Federal ITC as long as you own your solar energy system, rather than lease it.

If your federal tax liability is lower than the total amount of your ITC savings, you can still take advantage of it by carrying over any remaining credits to the following year.

Here’s an example: You pay $20,000 to install a solar system on your home in 2018, which means you are eligible for a $6,000 federal solar tax credit. If your federal tax liability for 2018 is only $4,500, you will owe no federal taxes that year, and in 2019, you will reduce your tax liability by $1,500.

Updated as of 4/16/2019

The Why... Why did we go solar?

We created Veteran Solar because we love helping people save money. One of our favorite motivational talks to give to our brothers and sisters in arms is our Money Talk. It helped people save money, invest for the future, and pay off debt faster. It motivated people to take charge of their finances.

Veteran Solar is another way for us to serve people to save money. In the field we’ve found that most people hate dealing with the electric company, not knowing what their bill is going to be next month and paying a bill with sometimes ridiculous charges on it.

Currently, over 80% of America’s energy is produced by non-renewable sources, ~60% fossil fuels and ~20 nuclear. All of that waste goes into the atmosphere of the earth.

Solar is the best way to relieve the stress and pain that comes with the electric bill and be good to the earth. The world is moving in a way where we take better care of the planet and give more power to the people. Helping people own their own clean power plant on the roof of their home, absorbing energy from the sun that’s already there is part of our solution to help you and the planet.

Our vision is to see solar on the roof of every home in America that could use it, and create a network of sharing power between homes!