All homeowners who are intrigued to learn more about going solar have seen or heard about some “No Cost” solar programs.
Let’s clarify a few things. 1. There are some (very few) government programs out there that provide solar panels. Generally they are for low-income areas and are extremely limited. 2. The vast majority of solar programs out there rely on help from the Federal Government. This help is provided by the ITC which 2019 is the last year it is going to pay for 30% of the cost of going solar.
Now, the ‘No Cost’ Solar program people are talking about. There is no such program for the masses where you can get solar without costing money. Every solar program costs money. So why are people saying ‘No Cost’?
‘No Cost’ in many cases is referencing the fact that the added costs from Solar are covered with the decrease of the electric bill. This tends to only be possible with the 30% paid for by the federal government (thanks ITC!).
An example of this ‘no cost’ solar program would be to drop your electric bill by $120 and your new solar bill only costs $120. Effectively not costing you the homeowner any more money than you are already paying.
The benefit? No added costs to you, and after 10 years that solar bill disappears and you are now saving $120 every month. Does this make sense why people are saying there is a ‘no cost’ solar program?
If interested in a solar program like this fill out the form below and we can see if you qualify for the federal governments help for them to pay that 30% towards your panels.
However, homeowners need to act fast with the Tax Credit changing this year.
This is the last year the Federal Government is paying 30% of the cost of solar.
Right now solar makes sense because of this help.
Fill out the form below to see if you qualify for the 30% Solar Tax Credit.