Solar Rebates
Even though residential solar system have been available for a few decades, most of the rapid growth has occurred only since the Solar Investment Tax Credit was created by The Energy Policy Act of 2005 as a way to reward early adopters of solar energy systems.
Save 30% on the Cost of Your Solar Panels
There are many reasons to love this solar energy tax credit. First, there is no ceiling to the credit you can claim, so homeowners who invest in large systems will still receive their full 30% off. In addition, if you have no tax liability this year, you can roll the tax credit over to next year so you can realize your full savings.
Solar Investment Tax Credits Extended Through 2022
On December 18, 2015 Congress passed a long-term extension of the credit through 2019, after which it will gradually decrease through 2022 when it expires. If you have ever considered going solar, now is the time to pull the trigger.
OneRoof Helps You Claim Your Tax Credits
In order to be eligible for the Residential Renewable Energy Tax Credit, you will need to make sure your solar energy system fulfills the requirements of the program and fill out a special tax form, called Form 5695. Here at OneRoof Energy, we will help you qualify for every penny you deserve from the Residential Renewable Energy Tax Credit. That means creating a system that qualifies for the tax credit and providing you with all the paperwork you need to file correctly. We want to make this process as painless and lucrative for you as possible!
Power Purchase Agreements and Energy Tax Credits
The renewable energy tax credits provided by the federal government only apply to homeowners who choose to purchase their solar energy systems outright.
Many of our customers choose instead to take advantage of our power purchase agreement program. PPA’s are a smart financial move, and it doesn’t mean that you will lose out on the benefits from the federal tax credit. Since OneRoof Energy owns the system, we receive the tax credit, but this allows us to often offer lower rates and long term stability than your local utility.
Solar Rebates
Depending on where you live you might also qualify for additional savings. Many states and cities have created solar rebates or other energy incentives in order to encourage their local populations to invest in solar.
As with the federal tax credit, many of these programs were created to reward early adopters, and some have expired. Time is truly of the essence if you want to save as much as possible on your solar system. You can visit the Database of State Incentive for Renewables & Efficiency (DSIRE) to learn about solar incentives in your state, or just contact us and we’ll guide you through this process.