Why Invest in a Solar Kit This Fall? While many assume the summer is the best time to go solar, we believe the fall is actually the best time of year to invest in a solar kit! This is because demand skyrockets in spring and early summer, which means it’s difficult to get the exact equipment you need. On the other hand, supply issues are far less challenging in the fall!
Why Invest in a Solar Kit This Fall?
On top of that, purchasing a solar kit in the fall gives you plenty of time to get everything installed and running before harsh winter storms pose a serious risk to the power grid. This means you can have access to reliable, independent year-round power before the winter hits!
Finally, prices are at their lowest during the fall months! In fact, we are even running a Fall Solar Sale, which gives you the opportunity to save up to 35% on a new solar kit!
Why wait until supplies dwindle and prices surge? Purchase a solar kit today and take control of your power independence!
Click Below to view the Fall Sale & Promo Codes:
The 30% Solar Tax Rebate
The Federal Government recently extended and expanded its tax credit for solar power systems. Under the new regulations, those that purchase and install a new solar power system can be eligible for a 30% tax rebate! In other words, you could potentially save $300 for every $1,000 you spend on a new solar power system!
In December 2020, the US Congress extended the solar tax credit, providing a 26% tax credit for solar systems installed in residential homes before the end of 2022…
However, as part of the new Inflation Reduction Act of 2022, the tax credit has been extended, as well as increased! The extended tax credit has also been renamed the Residential Clean Energy Credit.
Where the previous 26% tax credit was due to expire at the end of 2022, it has now been extended until 2034 and the credit amount has been increased to 30%!
This update and extension is a welcome surprise for all tax-paying clean energy enthusiasts, as well as the entire solar movement!
What does this mean?
Put simply, for every $1,000 you spend on your solar system, you may be eligible to receive a $300 federal tax credit on your annual tax return…
How does the new extension to the Solar Tax Credit work?
The newly renamed 10-year extension to the previous Solar Tax Credit means those that install a new solar energy system between 2022 and 2032 will receive a federal government tax credit of 30% of the cost of your installed solar power equipment.
As a tax credit, it will be rewarded as a reduction in the amount of tax an individual will owe at the end of the year.
How long will the extended Solar Tax Credit last?
As mentioned, the bill calls for an initial 10-year extension of the tax credit at 30%. After this, it will drop down to a 26% credit in 2033, then a 22% credit in 2034.
In other words, you have 10 years to take advantage of the 30% credit, then the credit is set to phase out at decreasing percentages.
How much money will I actually save by using the updated and extended Solar Tax Credit?
How much you save depends on the overall cost of your system. To do the math, take your total (estimated) costs and multiply it by 0.30 and this will show your savings.
For example, if it’s going to cost you $15,000 for all the solar equipment, $15,000 x 0.30 = $4,500. So, you would get a $4,500 reduction from what you owe in federal taxes!
How do I claim the investment tax credit?
It’s really pretty simple. You claim the investment tax credit when you file your taxes at the end of the year. Let your accountant know you’ve gone solar, or if you do your own taxes, you’ll need to fill out the IRS Form 5695.
What costs/expenses can you actually claim?
- Solar equipment
- Freight shipping costs
- Solar consulting fees
- Professional installer fees
- Electrician fees
- Engineer fees
- Tools bought or rented
- Wiring, screws, bolts, nails, etc.
- Equipment purchased or rented (scaffolding or a man-lift, for example)
- Permitting fees
- Permitting service costs
Top Selling Solar Kits Of 2022
To help you find the best solar kit at the lowest price, we have highlighted some of this year’s top sellers! Each of the following solar kits comes with everything you need and they’re also included in the Fall Solar Sale, so now is the perfect time to shop!
- EcoFlow Delta [Quad Kit] Complete Solar Generator Kit
- EcoFlow DELTA 2 [Quad Kit] Complete Solar Generator Kit
- EcoFlow DELTA MAX [Quad Kit] Complete Solar Generator Kit
- Bluetti AC200P [Quad Kit] Complete Solar Generator Kit
- EcoFlow DELTA PRO [Hex Kit] Complete Solar Generator Kit
- Dual EcoFlow DELTA PRO [Hex Kit] Complete Solar Generator Kit
Promo Ends: 24/10/2022