Two factors are making solar panel installations a better deal for homeowners than it was in the past—the federal and state tax incentives, and the rising cost of electricity. In an effort to encourage homeowners to go green, the U.S. government has offered significant tax credits for installing solar panels as an alternate energy source. A residential federal tax credit of 30% will remain in place until December 31st of 2016.
This tax credit, along with your local utility rebates make solar for your home a wise investment. It’s definitely well worth installing solar panels in your home while the 30% tax credit is in place—for the good of the environment, (even a small solar energy system will reduce your carbon footprint by the equivalent of planting an acre of trees every year.) but also for your wallet. Since systems are known to last 40+ years, you will be reaping pure savings for years to come. Tenco Solar is one of the top residential solar companies in Southern California, let us show you why.
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