Solar investments surging as federal tax credit reduction looms

Investments in solar are surging, largely due to the cost savings that can occur if you go solar, but also due to the expiring Federal Solar Tax Credit.

At the end of 2019, the tax credit will drop from 30 percent to 26 percent. According to reports, stocks and funds in solar have jumped 56 percent since January. Financial analysts are saying the looming decrease in the tax credit is a major driver in this surge.

Another factor playing into more people investing in residential and commercial solar is that prices continue to decline. For example, between 2009 and 2017, solar prices dropped by 76 percent, as solar surpassed all other clean energy solutions combined in investments, including wind.

So, what does this all mean?

It means that now is probably a good time to go solar. That is because the Sacramento region is one of the sunniest places in the world and more and more residents and businesses alike are seeing the benefits of purchasing solar power. It could reduce monthly energy costs by hundreds, maybe even thousands of dollars each month and helps the environment at the same time.

It is a win-win!

And when combined with the still-available 30 percent federal tax credit, it is pretty much a no brainer.

If you have any questions about going solar, make sure to contact us today at 916.853.2700.

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