Over the past ten years, the cost of solar (in present value) has fallen 81%. It should come as no surprise that during this period, the capacity of solar power has increased 26x.
Hundreds of homeowners and businesses in Columbus, Cincinnati, and the greater tristate area have taken control of their energy bills by having solar installed on their rooftops.
For those who have not, you cannot wait. NOW is the time to save. The federal tax credit from now through 2022 is set at 26%. This deal will not last and tapers lower over time.
Many buyers have been encouraged to take that final step towards solar by the Solar Investment Tax Credit (ITC). The ITC is a 22% tax credit available for residential and commercial properties, which has been available since 2006, when it started at 30%. In doing so, these homeowners increased the value and curb appeal of their home.
Beginning at the end of 2019, the ITC started to phase-out. In 2020, residents and commercial investors saved 26% and that has now been extended through 2022.
Installing solar on your home or business is already a no-brainer. If you act NOW, you can maximize your savings. Money might not grow on trees, but it sure is falling out of the sky!
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