Is solar still a cost effective investment?
The short answer is, yes! But there are variables that you should take into consideration.
For example, do you plan to live in the home for the next 2 years or more? If you plan to move it might be best to wait until you’re settled in your new home.
Do you currently pay Federal Taxes? This helps determine your eligibility to receive the Solar ITC (Investment Tax Credit). The ITC allows the buyer to receive 30% off the total price of their solar system as a tax rebate. This was established to incentivize solar across the United States. The tax credit decreases year by year, so timing is important, and can ultimately play a big part in your overall savings.
Still don’t believe us? Check out this third party study on the resale of homes with solar.