Good news! Thanks to the recent Covid Stimulus Bill, the 26% Federal Tax Credit for Solar Power has been extended by 2 years! Solar is the fastest growing energy source in the world thanks to the cost-savings and carbon footprint reduction. The “cost saving” portion is in part thanks to support from national and local governments offering substantial tax credits.
The original Federal Tax Credit for homeowner-owned systems would have reduced to 22% in 2021 (from 30% in 2019) before being completely eliminated in 2022. Thanks to the stimulus, the 26% credit will apply in 2021 and 2022, now being reduced to 22% in 2023.
This ARTICLE by Pillsbury Law gets into all of the details regarding the new tax credit extensions if you’d like to learn more.
At Wisdom Real Estate, we trust the company Blue Raven Solar for all of our solar needs. They are the top-reviewed solar company in the country on solarreviews.com. They will complete a preliminary, no-obligation solar analysis for your home to give you the details and specific numbers for your home so you can make an informed decision about solar.
Please reach out to your favorite Wisdom Real Estate agent if you’d like more information about Blue Raven Solar, or simply reach out to Mike Falls with Blue Raven directly: firstname.lastname@example.org.
May the Sun Power Be With You!
~The Wisdom Team and our friends at Blue Raven Solar