Solar Panel Tax Credit 2018

March 3, 2018 gtutt44 66 comments

first off before we talk about the tax savings can we talk about maybe some of the benefits of owning solar reverse leasing absolutely so add energy monster we don’t lease our panels we only sell to own them that’s going to give the customers the most money back you know it’s really great for the environment number one you would become the producer of your own power so you basically would eliminate your electric bill completely if not you know saving almost all of it solar has the highest and fastest return on investment for a home project typically you know within five to seven years it’s a payback completely Wow typically you know you’re gonna be getting a check from your electric company that they’re actually gonna pay you because you’re producing so much power Wow okay so do you need like a cert is there like a rule of thumb like alright I need like you know five panels or 20 panels or whatever it totally depends on your house your roof you know the direction of the Sun everything like that so it’s hard to say exactly how many panels you would need it really depends on a home by home basis okay one home might only need five panels to eliminate their electric bill where another home might need 20 panels to even do 70% of their bill so there’s also some tax incentives here as well Rhode Island incentives can include a 30% federal tax credit there’s also a tariff program that will pay you back per kilowatt hour I believe it’s about $1.00 per kilowatt here mm-hmm the fact that you you guys sell the panel’s I think that’s a lot better of a system than leasing the panel’s out absolutely so when you lease a panel you get locked into a contract that can be you know 15 to 20 years that those panels have to stay on that roof whereas if you own your panels you can do whatever you want with them once you pay for them so the big question of the day is because I know everyone’s gonna be asking is there payment plans so with energy monster we do offer its kind of set up like a lease program but it’s a loan through Sun gauge financial and went by the time you’re done paying the loan which you pay every month instead of your electric bill you own the panels and you’re done I mean there’s a ton of benefits outside of the fact that yes it’s environmentally friendly but it’s also friendly on your wallet because you can actually make money get a return on investment and as little as five years and take advantage of a 30% tax credit no Ashley you brought up something great a tax credit is different than a tax deduction crack a tax credit is typically a dollar-for-dollar remate however you know with the new tax plan coming up I would definitely recommend visiting the CPA so everything we do is in house for solar and our energy efficiency side it’s a turnkey operation from start to finish you work with energy monster we don’t sub out any of our work it’s our electricians that come and put the panels on another thing you know energy monster a lot of people we hear they don’t like the look of the panels we offer new panels that look like you know chic black glass rather than those older blue panels if you call Cortney and if you say the round table they’re gonna go ahead if you have an electric car they’re gonna go ahead and put what a port in so if you plan on having an electric car or if you already have one we will install an electric car charging station at no cost if you put your if you go through energy monster where your panels [Music]

66 Comments on “Solar Panel Tax Credit 2018

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