We usually discuss the topic of filing for the 30% Solar Tax Credit in January or February. That’s when most people who just installed solar in the previous year are getting ready to file their taxes. But by 2018 it will be too late to qualify for the 2017 tax credit. So this year we decided to cover the topic in advance of year’s end to help people save on their 2017 tax bill.
The 30% solar tax credit is substantial – the average savings that homeowners achieve is about $6,000. Couple that tax credit with average electric bill savings of about $2,500 per year and you can understand why over one million homeowners already have solar on their roofs.
Many states and utilities have additional incentives. Here in Silicon Valley our customers are taking advantage of the $4,000 Battery Storage Rebate – which includes the added benefit of grid support and emergency backup power.
So if you’re tired of paying high rates for electricity — and would like to take advantage of the 2017 Solar Tax Credit — please Listen Up to this week’s Energy Show on Renewable Energy World.