As technology develops at a rapid rate, there are more opportunities than ever for people to invest in alternative, sustainable energy sources. One of the most common changes homeowners make to their homes is solar panel installation. Installing solar systems in Scottsdale, AZ can offer a number of important benefits, and there are several reasons why you should consider investing in solar systems before 2020. Read on to find out more about the benefits of installing solar panels this year!
Solar systems and the ITC
One of the most important reasons why you should install solar panels on your home sooner rather than later is because of changes that are happening with the Solar Investment Tax Credit (Solar ITC). The Solar ITC was initially passed in 2005 to incentivize homeowners to adopt energy-efficient and sustainable technologies to reduce their carbon footprint. Currently, owners of solar systems in Scottsdale, AZ are eligible for a tax credit of 30 percent of the total cost of system installation. This 30 percent credit will continue to apply for anyone who installs a system in 2019. Starting in 2020, however, this credit will gradually be reduced, limiting the amount for which homeowners will be eligible.
Between 2020 and 2023, the Solar ITC will be reduced by a percentage amount annually until it disappears entirely. In 2020, the credit will be reduced to 26 percent; in 2021, it will be reduced to 22 percent; in 2022, it will be reduced to 10 percent; and then in 2023, the credit will be eliminated for homeowners and will be only 10 percent for commercial properties. With that in mind, it’s important to act fast if you want to benefit from the full extent of the Solar ITC as it exists today.
Additional solar system benefits
In addition to the tax credits that you will be eligible for if you install solar systems in Scottsdale, AZ in 2019, you can also enjoy several other benefits when you install a solar system. For one thing, you can reduce your carbon footprint and have a positive impact on the environment. In addition, you can reduce your energy costs significantly on an annual and monthly basis. Solar panels can also boost the value of your home and allow you to appeal to environmentally-conscious buyers should you ever choose to put your home on the market. The sooner you make this investment in your home, the sooner you will be able to take advantage of all of these benefits.
Learn more about solar systems in Scottsdale, AZ
If you want to learn more about all of the benefits of installing solar systems in Scottsdale, AZ, reach out to Aneva Solar today. Since 2013, we have been proud to offer solar panel evaluation and installation services to our customers. Regardless of your specific goals for your home’s energy production and use, our team can provide you with a personalized consultation and services that are designed with your needs in mind. You can learn more about all of the services that we provide and get a quote for solar system installation by giving our team a call today!