What Is The Lifespan Of Your Panels?

Solar PV panels can expect to have a working lifespan of 40 to 50 years. Solar panel degradation does occur and is 0.5% yearly on average for newer technology panels. This means that after 25 years, the solar PV panels will be producing 87.5% as much electricity as they did when they were first installed. [...]

By |2021-06-11T21:11:23+00:00May 12th, 2021|, , |Comments Off on What Is The Lifespan Of Your Panels?

What Types Of Rebates & Incentives Are Available?

The 30% Federal Investment Tax Credit (ITC) for residential solar is ending at the end of 2025. States offer different incentives such as net metering or Renewable Energy Credits, as well as  sales tax waivers or property tax credits. For commercial solar projects, the federal Investment Tax Credit (ITC) remains in place with limitations. If construction [...]

By |2025-09-27T00:29:21+00:00May 12th, 2021||Comments Off on What Types Of Rebates & Incentives Are Available?

What If The ITC Exceeds The Amount I Owe The IRS In Taxes?

The Federal Investment Tax Credit (ITC) is considered a ‘nonrefundable credit,’ so you will not get a refund for the balance.  However, you can carry over the balance of any unused amount of the tax credit into the following tax year until it is exhausted.

By |2021-06-11T21:41:36+00:00May 12th, 2021||Comments Off on What If The ITC Exceeds The Amount I Owe The IRS In Taxes?

How Does ITC Work If I Lease A PV System Or Purhase Electricity Through A Power Purchase Agreement (PPA)?

If the system is leased or financed with a PPA, then the leasing company or PPA Provider claims the ITC, and the customer benefits by receiving a discounted cost of electricity.

By |2021-06-11T21:47:39+00:00May 12th, 2021|, |Comments Off on How Does ITC Work If I Lease A PV System Or Purhase Electricity Through A Power Purchase Agreement (PPA)?
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