As I meet people day to day consulting them through the solar process, I’m asked many questions.
The top questions asked are “How will solar Benefit me?" and " Are the incentives still good?”.
These are great questions because bottom line is you want to benefit from solar. We all hear those stories about that person who got a great deal, and everything worked out perfectly or that person who was promised the world and it never happened. We all want to believe that we can be that person who it worked out for but we are scared of being taken. The root of the question is just that: "Will it work out for me?"
Here is the list of current benefits from solar ownership:
- 30% investment tax credit
- 100% bonus depreciation
- Lower overhead through no electric bill (The solar system eliminates the kWh portion of the electric bill)
- Improved cash flow through SREC’s (Solar Renewable Energy Credits). You get paid because your solar system generates renewable energy.
How will a solar system benefit you? This is where Sunrise Solar will sit down with you and help evaluate all your solar options and work with you to see if solar is a fit and what is the best way to get a solar project done. Through this process, you will be able to see first hand how the solar benefits will work for you through the tax credits and depreciation.
You will be able to see how last year’s electric expenses would have been removed with solar and you will get a snapshot of the SREC’s that will be bringing cash to you.
On the tax side, 2019 is the last year for the 30% investment tax credit before it steps down to 26%. If you have ever wanted to look at solar, now is the time to explore it with us here at Sunrise Solar.