Save on electricity bills
Installing solar panels significantly reduces monthly electricity bills and dependence on the power grid. This energy independence protects against rising electricity costs and volatile fuel prices. With analysts forecasting continued increases in electricity rates, solar remains a cost-effective solution and long-term investment in the future.
Increase in Home Value
There are currently more than 1.5 million residential solar systems in the U.S. Roughly every 90 seconds, a new customer is going solar somewhere in the U.S. Accordingly, it’s important that homeowners, real estate brokers, mortgage brokers, and other stakeholders in the residential housing market across the country understand the value of a solar system on a residential property.
Federal Tax Incentives
The federal tax incentive for residential customers is 26% for systems installed before 2023. The federal residential solar energy credit is a tax credit that can be claimed on federal income taxes for a percentage of the cost of a solar photovoltaic (PV) system.