In the three years I’ve been installing solar panels for my clients I have always been able to offer a Federal Income Tax Credit, usually worth $10,000 for any customer who chooses to install solar panels.
In 2016 Your Solar Tax Credit Will Expire
Unfortunately the Federal Income Tax Credit, a major incentive to go solar, is expiring in 2016. You just have 19 months before the price of solar panels will increase and the excellent business offer we can now give to our customers will not be as attractive.
Currently anyone who chooses to get solar panels pays nothing upfront for the installation and gains the Federal Tax Credit. Before 2016 the savings produced by solar will be equivalent to what our clients pay with our 12-year 2.99 financing. We expect a rush of last-minute installs as client’s aim to complete their solar arrays before the tax credit expires.