Federal Solar Tax Credit 2020 in Dallas
Installing solar panels on homes or businesses is a great long-term investment and saves money while saving our environment. If you are planning on installing solar system for home, solar income tax credit is a great incentive that helps make this investment even better. The Federal Solar Tax Credit is the solar incentive that can be helpful for everyone whether you’re a homeowner or have a small/ large organization. With Federal Solar Tax credit installing solar panels has become very affordable and easy.
This year installing solar panel with 26% federal solar tax credit is the best deal that cannot be missed. This benefit of 26% solar tax credit will be reduced to 22% in 2021. Starting 2022 there will be no federal credit for homeowners. So, as the incentives taper down dramatically, homeowners should take this incentive benefit to help reduce overall cost of owning a solar system. For instance, if the solar system costs $22000 including installation and solar panels, you can get $5720 back in tax credit. If you do not have the tax liability to offset this amount this year, it carries forward to next year.
Universal Solar System can help you from no obligation consultation to installing your system seamlessly. We have an experienced team of professionals, which offer the best solution and help resolve all your queries. Our solar panel experts will help you save money and reduce your carbon footprint. Want to know more about the cost for your home? Contact us now to receive a free, no obligation proposal today!