Tag Archives: solar itc

buy now or wait for solar

Should I go solar now or wait?

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For those asking themselves “should I go solar”, the cost of solar installation continues to fall. According to the Solar Energy Industries Association (SEIA), installing a residential solar energy system costs 70% less than it did in 2010, which is great news for today’s solar shoppers. But the ever-decreasing costs of solar create a conundrum: should I go solar now or wait? For many, daily headlines that declare lower and lower prices can stir them to action. For others though, these same headlines can cause them to wait a few more years in hopes of saving even more money. So who’s right?

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10 kw solar energy system

What will a 10,000 Watt (10 kW) solar system cost in your state?

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10kW solar systems are among the most popular solar energy system sizes in the country, producing enough electricity to power a home with slightly above-average electricity consumption. How much does a 10kW solar system cost? How much electricity will a 10kW solar system produce? How do you know you’re getting the best deal on a system? These are some of the key questions we will answer in this article.

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form 5695 instructions solar tax credit

How do I claim the solar tax credit (ITC)? Form 5695 instructions

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If you’re considering solar, you’ve probably heard about the federal solar tax credit, also known as the Investment Tax Credit (ITC). The Federal ITC makes solar more affordable for homeowners and businesses by granting a dollar-for-dollar tax deduction equal to 26% of the total cost of a solar energy system.

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The ITC was extended (again)! What you need to know in 2021

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On December 21, 2020, Congress passed the omnibus spending and COVID relief bill, and on Sunday, December 27, 2020, President Trump finally signed it into law. In addition to keeping the lights on in our government and providing much needed financial relief for businesses and people alike who have been impacted by COVID, the 5,000+ page, end-of-year spending bill also provided a ray of bright light for the solar industry: an extension of the solar ITC. Here’s what you need to know about how the ITC extension impacts your solar project. 

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itc savings 2020 vs. 2021

Federal ITC savings: 2020 vs. 2021

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One question we field a lot at EnergySage is whether it’s the right time to install solar panels. For anyone asking that question in 2020, the answer is often as soon as possible: given the looming step down and expiration of the federal investment tax credit (ITC), solar shoppers who wait until 2021 or later to move forward will be missing out on major tax savings – but just how much?

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using your stimulus check for olar

Thinking of investing your stimulus check? Consider solar.

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The Internal Revenue Service (IRS) began sending out stimulus checks earlier this month, providing much-needed cash to a country hit hard by both the health and economic impacts of the coronavirus pandemic. If you’re fortunate enough to not need the cash right away, and are weighing your various options for what to do with the check, you may have encountered other articles telling you how you should spend this cash. We’re not going to do that: whether you use the money to buy something special, put it away for a rainy day, donate it to a worthy cause, or convert the check into twelve-hundred dollar bills to turn your room into a snow globe, we won’t judge! 

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congress extends the solar tax credit itc

Solar tax credit – everything you need to know about the federal ITC for 2020

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Homeowners, solar companies, and industry advocates alike were given a big Christmas gift in 2015 when Congress approved the 2016 federal spending bill and extended the solar panel tax credit. The December 18 bill contained a 5-year solar tax credit extension, which makes solar energy more affordable for all Americans. Wondering how this impacts you? EnergySage has the answers.

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solar shines on the hill SEIA

Solar Shines on the Hill Day 2019: Recap

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This week, I had the opportunity to join the Solar Energy Industries Association (SEIA) for their Solar Shines on the Hill Day.  The event is a great opportunity to show up in force in Washington DC in support of the solar industry, talking about how the solar jobs that exist throughout the country, and the financial and environmental benefits that home- and business-owners experience from solar in every state. Here’s a quick recap of what we spoke about and what we learned. 

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solar panels for businesses

Solar panels for businesses: does commercial solar make sense?

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If you’re a business owner, the concept of “solar panels for businesses” might seem like a risky move in a complex and confusing market. You may have heard about major Fortune 500 companies going solar, but thought that it might not be feasible for your organization. Maybe you’re considering installing commercial solar panels at some point in the distant future, when your organization can afford to make a major investment in something that seems like an environmental “good” rather than a strategic financial decision.

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