The Residential Renewable Energy Tax Credit is a lesser known government policy that is aimed at providing affordable solar panels to Americans living in certain zip codes. Because technological improvements to solar energy over the past few years have driven installation prices lower than ever before, 2016 is the best year to consider solar energy for your home. This government policy provides significant tax credits and rebates on solar installation, which reduces YOUR electricity payments by over $1500 over the course of a year.
However, this current policy is set to expire December 31st, 2016, so in order to cash in on these savings, you must act now! Don’t miss out on your chance to benefit from solar energy.
Solar For The Middle Class
The relatively unknown Residential Renewable Energy Tax Credit is tailored to help middle class Americans install solar panels on their homes. The Government incentivizes solar panels so that homeowners can harness the energy of the sun to create jobs in the solar industry, protect the environment and save money.
Utility companies despise this government policy and don’t want you to know about it. They would rather have you continue to pay high utility bills while they raise the price of electricity when they choose.
With solar energy, you can lower your monthly utility bill by 70-90%. Some states allow homeowners to sell electricity back to their utility companies. Enabling you to power your home for free and potentially make a profit from the electricity you generate!
The government has mandated that utility companies buy back electricity in these states, and understandably utilities do not like this policy, but you surely do! Don’t let this money saving opportunity pass you by, if you plan to benefit from this policy you need to act quickly!
Solar Energy Continues To Get Cheaper
Since solar panels first hit the market in 1977, the price of solar cells has decreased by more than 99% and is expected to drop even further by the end of 2017.
You may be asking, why shouldn’t I wait until the end of 2017 to buy solar panels if the price is going to continue to decrease? This is a valid question, but the reason you should buy now is because of the Federal Residential Renewable Energy Tax Credit is scheduled to end once 2016 is over. To see if your home can utilize solar energy, request a free quote today.
If you live in the United States and are wanting to pay less for electricity, we encourage you to see if you qualify for these programs. Answer a few straightforward questions and Modernize will determine if you are able to qualify. There is absolutely no obligation to purchase, we will not ask you to provide any payment information and the process takes less than a minute to complete.