As an experienced professional photovoltaic contractor, we know that now is a good time to go solar. But you don’t need to take our word – we’d be happy to share our reasons why installing a rooftop PV system in 2021 is a smart move. Here are the top five advantages you’ll enjoy if you start your photovoltaic installation this year.
No. 1: Federal Solar Tax Credit
Claim the federal solar investment tax credit (ITC), and you can reduce your income tax liability by 26 percent of your PV system costs – if, that is, you go solar before the end of 2022. Miss the deadline, and you’ll miss out on savings, as the tax credit drops to 22 percent for residential solar projects completed in 2023.
No. 2: Savings on Electricity
Once installed, your rooftop PV system will begin to produce electricity immediately. You’ll see the results when you get your next utility bill, as the amount due will be significantly less than what you had to pay earlier in 2021. And, you can look forward to seeing the same impressive savings every single month.
No. 3: Stable Energy Costs
Over the past decade, electricity costs have skyrocketed. Rates will likely continue to rise in the future, but you don’t have to be left at the mercy of the utility company. Go solar in 2021, and you’ll have predictable home energy costs. As the electricity rates increase, you’ll see even greater monthly savings.
No. 4: Energy Independence
Your rooftop PV system may be connected to the utility grid, but when you go solar you’ll enjoy the satisfaction of gaining energy independence. You’ll be generating your own power, which means you won’t be as dependent upon the utility company for electricity. And by using renewable energy, you’ll benefit the environment.
No. 5: Increased Home Value
If you decide to sell your home at some point, you’ll be glad you decided to go solar. As the demand for properties with photovoltaic installations is rising, investing in solar power is a great way to boost the value of your home. You can expect to get offers rather quickly, and if yours is like most homes with rooftop PV systems, it’ll sell for more – on average, going solar increases home value by as much as $15,000.
Have we convinced you that 2021 is the right time to go solar? If you’re ready to make the switch to solar power – or if you have questions about rooftop PV system installation – turn to the professional team at Nationwide Solar.
An award-winning commercial and residential photovoltaic company, Nationwide Solar offers free, no-obligation consultations to homeowners throughout the northwestern United States. Whether your goal is to save money on electricity or to do your part to save the planet, we’d love to help you go solar at an affordable cost – contact us today to discuss residential solar installation in Washington, Utah, Idaho or Oregon.