There may be no better time to go solar, thanks to increasing adoption, falling prices and tax issues.
That’s what Don Moreland, a past chairman of the Georgia Solar Association, has written. Here’s a little bit of what he wrote: “What you may not have heard is that now is the best time to go solar. That’s right, now is the time.Policy and market forces at play make 2018 and 2019 the sweet spot to get the most bang for your buck in a solar installation.”
But to get that bang for your buck, you will want to make the right moves. These tips can help you do just that.
Take advantage of tax credits
Tax credits are only available for a limited time. So don’t miss the window.
“The 30 percent tax credit is good for 2018 and 2019 but starts to phase out after that. For residential solar, the tax credit will phase out entirely in 2023 and level out to 10 percent for businesses,” writes Moreland.
If you’re hoping for general savings, be sure your home is running efficiently already.
“Although this is not a new development in 2018, it is important to consider whenever someone is going solar. Before sizing your solar system, look for ways to cut your home electricity use. Refrigerators, lighting, electric water heaters and air-conditioners are common electricity hogs. In many cases, it is worthwhile to replace old appliances with high-efficiency models,” according to Earth 911.
Not all manufacturers are equal. Some have better warranties than others.
“Solar panel warranties, in particular, are an important consideration, as they are typically the most expensive equipment in your solar system. Over time, even the best solar panels produce less energy due to product degradation. Although all solar panels are less effective at generating electricity over time, the degradation rate varies by the panel. Performance guarantees help ensure that solar electric panels are producing at a certain percentage of their original generation capacity after a given number of years,” writes Earth 911.