Solar Technologies - Solar Energy Is A Step Ahead To Improve The Quality Of Life: Solar Tax Credit

Solar Energy is a Step Ahead to Improve the Quality of Life: Solar Tax Credit What is Solar Tax Credit?

The Federal Tax Credit, that is also known as Investment Tax Credit (ITC), allows a person to deduct 30% of the total cost of installing a solar energy system from their federal taxes. The ITC, however, applies to both residential and commercial systems and also there ain’t no cap on its value. It is just because of ITC that the average solar energy marketplace shopper saves $5,000 on the cost of going solar in 2017. Solar companies danced joyfully when in 2015 Congress approved the 2016 federal spending bill and extended the solar panel tax credit. A 5-year Solar Tax Credit extension makes solar more affordable for all the Americans.

Solar Investment Tax Credit Procedure 

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The ITC is based on the amount invested in the solar property setup.

Till Dec 2019, both residential and commercial ITC are equal to 30% which is based on the investment on the property commenced for construction till 2019.

In the year 2020, the ITC dips from 30% to 26% and then 22% in the year 2021. After the year 2021, the ITC on residential credit will disembark to zero while the commercial and utility credit drops down to a permanent 10%.

The commercial and utility projects that will be constructed before December 31, 2021 will still be qualified for the 30, 26 and 22 % ITC, with a condition, if they are placed in service before December 31, 2023.

Solar Installation

Well, you have made up your mind to enlighten your focus towards green thumb and to go solar, by making up your mind on Solar Panel Installation.

Welcome to being one of the thousands of people who care about saving energy and being a part of a healthier planet for the forthcoming generations. So, here is the process of installation.

1. The technicians come down to visit your place to make a customized solar system by measuring and evaluating the area of your home. So that they can make a perfect fit for your place.

2. The design experts then review the design and make adjustments to the customized evaluation, if needed. As it is their responsibility to pay attention to every minute detail.

3. Then the design is sent for an approval or permission to the local city government.

4. If the permit is granted, then the installers arrive your place for the set up. Once again, they will give a thorough look over the customized design and with your approval they start the work of installation.

5. Once the installation is done, the city or county gives a final inspection to the plant before connecting the system to the grid.

6. Then the documents are submitted to the utility company who are responsible for the installation of net metering1. It is when the utility will grant you the “Permission to Operate.�

7. Flip the switch and show a green thumb to the environment with an alternative energy.

Solar Tech The most marketable source of energy that is recognized to replace the use of fossil fuels is solar energy. The primary source of energy among all the renewable sources is none other than solar energy. On the basis of this concept, Solar Tech promises to come forth with its fully integrated solar solutions with investing great emphasis on the quality of the systems they offer. They are System Integrators of both on and off-grid systems. They are known for supplying a wide range of Solar products such as solar panels, solar water heaters, solar street lights, solar lanterns etc. Some more products like energy efficient LED, induction lights for various residential and commercial and even industrial projects.

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