There are a lot of reasons to go solar from saving money on your power bills to helping to save the environment. Thousands of Americans have gone solar in the last few years and have realized the amazing benefits for themselves.
Many people wonder, “is now the right time to go solar?” They worry about getting the best deal and the best equipment and technology. Or they put it off because they feel like it’s too expensive for them at the moment.
So for those wondering if 2019 is the right time to go solar, the answer is yes! Here are just a few reasons why you should seriously consider going solar this year.
Getting the Most Bang for Your Buck
Since 2010 there has been an large drop in solar panel pricing as global demand has increased. Each we’ve seen panel prices getting better and better. At solar wholesale we wanted to take things up a notch by taking prices down a notch.
We sell our solar panels at wholesale prices so that you’ll always get the best price possible. We can tell you that the price drop on solar panels is slowing. Many customers we talk to hem and haw about biting the bullet and going solar because they wonder if they wait another year or two they get a better price on the panels.
While you might save a few cents per panel by waiting you’ll lose out on the chance to start saving on your power bill. The sooner you put up your panels, the sooner they’ll start producing power and the sooner you’ll start saving. The amount of money you’re losing by waiting outweighs the amount you could save especially as solar panel prices start to level out.
Federal Tax Credit
The main reason that 2019 is THE year to go solar is because it’s the last year to take advantage of the 30 percent tax. The federal solar investment tax credit (ITC) was set up as a way to incentivise Americans to go solar.
This tax credit has really done its job in helping to grow the solar industry and get Americans on board with solar power. Unfortunately all good things must come to an end. Within the next few years the tax credit will drop and then disappear altogether. Next year (2020) the ITC will drop to 26 percent and in 2021 it will drop to 22 percent, in 2022 the ITC goes away altogether.
So if you’re worried about getting the best price or reap the most savings on your solar panels, now is the year to make it happen.
Keep in mind that this year will likely to be one of the busiest for the solar industry as many homeowners rush to take advantage of the 30 percent tax credit. According to the IRS in order to claim your tax credit in 2019, physical work of a significant nature has to be started or you need to start paying five percent or more of the total cost by 2019.
No one is expecting solar panel prices to get significantly better in the next year or two but what will make the difference in your finances is taking advantage of the 2019 federal tax credit of 30 percent. So for the very best deal before going solar, now is the time to do it.