It’s always a good time to make the switch to solar energy. The benefits can be enjoyed no matter the season, and as solar technology improves all of the perks that it has to offer continue to expand.
With that being said, there are still a few reasons why you might want to speed up your decision to make the switch.
In this post, we'll fill you in on why right now is the best time to get started!
1. Solar Tax Credit
The solar tax credit was first introduced in 2006. It offers a hefty 30% credit to homeowners who choose to convert to solar power as a way to make the upfront costs more manageable.
This credit was initially set to expire back in 2015, but it was extended by Congress and set to remain available until 2021. However, just note that this tax credit will start to “phase out” in 2020 and will decrease from 30% to 26%. In the year 2021, it will go down to 22%.
As things stand right now, by the time 2022 rolls around, the tax credit will only be available for commercial properties and at a very reduced rate of 10%.
2. Solar Panels Increase Home Value
If you’ve researched market trends, you likely already know that homes tend to sell more in the springtime. This is believed to be for a variety of reasons, one of the main ones being that buyers are more likely to be out and about scouting neighborhoods in warmer weather.
This is why realtors consider it to be the best time to list your home.
Did you know that solar panels add nearly $20,000 to the overall value of an average property? Considering what it costs to install solar panels, that's quite the trade-off!
By getting started with your installation now, you can have everything good to go for when you receive your appraisal and put your home on the market.
3. Environmental Protection is More Important Than Ever
There are many ways to “go green”, but solar power is one of the most impactful. In this day and age, it’s more important than it has ever been to be taking steps towards reducing our carbon footprint.
We not only have to reduce our impact moving forward, but we also need to make up for our lack of action in the past.
Installing solar panels has the same benefit on carbon levels as planting 300 trees every year, and it takes little to no effort on your part.
At Lumina, we go above and beyond to offer our customers a seamless installation process. We even take care of all of the documentation and permits!
4. Easy, Convenient Investment Options
The truth is that at this point in time it couldn't be any easier to take full advantage of solar energy. You don't even have to buy your panels upfront. There are solar loans and PPAs available for those who are ready to get started but can't afford outright purchase.
If you've been holding off due to a lack of accessibility, your window to move forward is here and waiting for you to take action!
Curious about how Lumina Solar can help you get the ball rolling and power your home with solar? Feel free to reach out to us for a free consultation at anytime!