Why Going Solar Is an Excellent New Year’s Goal + the 2021 Extended Tax Credit

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You may have heard the news that the federal solar tax credit of 26% has been extended through 2022. The credit was expected to decrease in 2021, but due to a recent bill passed concerning federal spending and COVID-19 relief, the solar tax credit will remain at 26% for the next two years.

This is a great New Year’s goal for those who tried to make solar happen in 2020 but were met with obstacles. There is still time!

Make a Goal to Go Solar in 2021

You can reap the benefits of solar panels by installing solar this year. Here are 5 benefits of solar:

  1. Reduced Carbon Emissions: Increasing damage to our earth and global warming contributions come from carbon emissions. When you go solar, you will significantly decrease the carbon emissions released for daily electricity in your home.
  2. Save Money on Monthly Electric Bills: Solar panels are proven to be effective, even on cloudy days. The backup battery will help you get through city power outages with stored energy from the sun. This renewable energy will save you money each month on your electric bill.
  3. More Control Over Your Energy Bill: While you cannot control the city’s electricity rates, you can have more control over your energy bill by going solar. Knowing what to expect each month from your electric bill and the savings you receive each time will help you budget for other needs in your life.
  4. Increased Home Value: Solar panels automatically increase the value of your home. The investment that you make with solar installation will show a return when selling your home.
  5. Tax Credit Eligibility: And do not forget the 26% tax credit that comes with solar installations. There is no limit to the tax savings. If you install $35,000 in solar panels, that is $9,100 that you can subtract from your total taxable income.

At New Day Solar, our pro team can answer any questions regarding solar installation. If you are unsure whether it is the right move for you, contact our experts to help you decide. When you give us a call, you will receive a free consultation: (855) 444-6329.