Solar Rebates & Tax Incentives
The U.S. Government Is Still Giving Out Renewable Energy Tax Credits!
As a smart homeowner, you already know that solar energy systems pay. Each month, your solar panels will convert the clean, abundant energy of the sun into the power your home needs, which will result in significantly lower energy bills. For a limited time, your solar energy system could pay even more quickly, due to the juicy renewable energy tax credits and solar rebates available.
Save 30% On The Entire Setup Cost Of Your Solar Panels
There are many reasons to love this solar energy tax credit. There is no ceiling to the credit you can claim, so homeowners who invest in large systems will still receive their full 30% off. Additionally, 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.
Time Is Running Out On Renewable Energy Tax Credits
This solar investment tax credit was created by The Energy Policy Act of 2005 as a way to reward early adopters of solar energy systems and to spur the sluggish economy. Currently, this tax credit is set to expire at the end of 2016. The Obama administration has announced plans to discontinue the program, so this could be your last chance to save a HUGE amount of money on your solar energy system. If you have ever considered going solar, now is the time to pull the trigger. You could be missing thousands of dollars of savings on the table if you decide too late! UPDATE: On December 18, 2015, Congress passed a long-term extension of the Solar Investment Tax Credit.
We'll Help You Claim Your Rightful Renewable Energy 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!
Leased Solar Panels 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 leasing or power purchase agreement (PPA) programs. Leasing and PPAs are a smart financial move, and it doesn’t mean that you will lose out on the benefits from the federal tax credit.
By law, OneRoof Energy receives the tax credit for the solar systems that we lease to you (since we are technically purchasing and owning the system), but we believe in the important lesson of childhood that “sharing is caring”. That’s why we pass the savings we receive from the tax credit directly to you in the form of a lower lease or PPA payment. In essence, even if you choose to sign a lease or PPA with us, you will still receive the benefit of the tax credit while it lasts.
Solar Rebates
The Residential Renewable Energy Tax Credit is a pretty big piece of financial savings pie, but you might also qualify for other savings treats depending on where you live. Many states, cities, and towns offer solar rebates or other energy incentives to try and 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, including certain rebates previously available in California, have run out or been exhausted. 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 do our best to guide you through this process.
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“I was happy when I learned all the environmental benefits of my new solar system, but when my bills went from $180 a month down to $13, now that something to get excited about!” — Ross Family