Solar systems installed before 2033 are eligible for a tax credit equal to 30% of the costs of installing solar panels.
Greater Texas Solar
Financials
There are many factors that can help mitigate your solar panel costs!
The cost of solar installation has decreased by 60-70% in the past five years. Now, you can save money on electricity and have a return on your investment within a matter of years!
Reach out to our solar energy company based in Mason, Texas to schedule your free, no pressure consultation.
Give us a call at (830) 507-3884 today to talk about the ways you can save on solar.
Solar Savings
Federal Solar Tax Incentives
The governments today are doing their best to encourage homeowners to make a switch to solar energy. One incentive the US federal government is providing is the Solar Tax Credit. The program offers a tax credit of 30% for homeowners and businesses who install solar panels.
funding opportunities
Tax Credit Eligibility
You might be eligible for this tax credit if you meet the following criteria:
Your solar PV system was installed between January 1, 2017, and December 31, 2034.
The solar PV system is located at a residence of yours in the United States.
Either:
You own the solar PV system (i.e., you purchased it with cash or through financing but you are neither leasing the system nor nor paying a solar company to purchase the electricity generated by the system).
Or, you purchased an interest in an off-site community solar project, if the electricity generated is credited against, and does not exceed, your home’s electricity consumption. Notes: the IRS issued a statement (see link above) allowing a particular taxpayer to claim a tax credit for purchasing an interest in an off-site community solar project. However, this document, known as a private letter ruling or PLR, may not be relied on as precedent by other taxpayers. Also, you would not qualify if you only purchase the electricity from a community solar project.
The solar PV system is new or being used for the first time. The credit can only be claimed on the “original installation” of the solar equipment.
Find more information on government tax incentives on the Department of Energy website at: https://www.energy.gov/eere/solar/homeowners-guide-federal-tax-credit-solar-photovoltaics
Solar Products
Expenses Included
- Solar PV panels or PV cells (including those used to power an attic fan, but not the fan itself)
- Contractor labor costs for onsite preparation, assembly, or original installation, including permitting fees, inspection costs, and developer fees
- Balance-of-system equipment, including wiring, inverters, and mounting equipment
- Energy storage devices that have a capacity rating of 3 kilowatt-hours (kWh) or greater (for systems installed after December 31, 2022). If the storage is installed in a subsequent tax year to when the solar energy system is installed it is still eligible, however, the energy storage devices are still subject to the installation date requirements). Note: A private letter ruling may not be relied on as precedent by other taxpayers.
- Sales taxes on eligible expenses
Our System Ranges
Solar Sizes
These projects are great examples of our solar panel installations and the various applications available
SYSTEM SIZE: 4.62 KW
14 x Panasonic HIT Panels
Avg. Cost: $13,600
SYSTEM SIZE: 6.6 KW
20 x Panasonic HIT Panels
Avg. Cost: $19,200
SYSTEM SIZE: 11.88 KW
36 x Panasonic HIT Panels
Avg. Cost: $39,000
SYSTEM SIZE: 29.7 KW
90 x Panasonic HIT Panels
Avg. Cost: $83,500
Residential & Commercial Solar Panels Installer in Mason, Kerrville, Llano, Marble Falls, Fredericksburg, Texas.