Act Fast To Use The Energy Investment Tax Credit (ITC) On A Solar Array System

Act Fast To Use The Energy Investment Tax Credit (ITC) On A Solar Array System

Homes for sale with solar energy.

Have you thought about adding a solar array to your home? Now might be the best time. The federal government still offers a huge tax credit for people who add solar panels or systems to their homes. The Energy Investment Tax Credit (ITC) gives homeowners a tax credit that ends up discounting the entire purchase price of a solar array system by 30 percent! Plus, the credit applies to both roof installation and ground installation. Also, you can still claim the credit, even if you finance the solar array rather than paid up front for it!

This huge credit won’t last long though. It’s only been extended through the end of 2019. In 2020, it decreases to 26 percent. In 2021, it will only be a 22 percent credit. After that, the credit will be gone for homeowners, much the way the geothermal tax credit went away.

Solar arrays are said to produce a higher return than the stock market usually does. So, rather than investing your money in someone else’s company, you could invest in your own energy needs. They begin saving money as soon as they are installed.

Are You Ready to Move to the Jasper Area?

If you’re interested in moving to a community near Jasper, Indiana, check out our listings. Become familiar with the area. Before you start shopping for a home in Indiana, it’s a good idea to explore areas you might like to live in — that way you can get a feel for what properties are available and how much you’ll need to spend. We’ll help you find homes for sale in the most beautiful parts of Indiana.

Let us know if you want us to be on the lookout for homes with solar arrays, geothermal systems or other green upgrades too!

On the other hand, if you’d like to sell your Jasper-area home, we’d love to help with that too! Call us at 812-634-6969 or get in touch with us online.