Why You Should Install a Home Solar Panel System Before the End of 2022
If you’ve been considering a solar panel installation on your Gonzales, TX, property, don’t wait any longer. Now is a great time to install solar panels and battery storage at your home. You can qualify for a federal tax credit and start lowering your home’s electricity bills as soon as the panels are installed. Consider these three reasons why you should install a residential solar panel and battery storage system in before the end of 2022.
1. Get a Federal Tax Credit
In 2006, the federal government established the Solar Investment Tax Credit (ITC). This tax credit provided a 30% savings on solar panel installations for homes and businesses, In 2020, the ITC decreased to 26%. In 2023, the tax credit will drop to 22%.
2. Maximize Your Savings
If you wait too long to install solar and battery storage, you could miss out on higher savings on your federal income tax bill. This means you might leaving a lot of money on the table if you stall your decision to go solar.
3. Lower Your Electricity Bills
Another reason not to wait any longer to install a solar panel and battery storage system is that you could have lower electricity bills this summer. By producing and storing your own solar energy to use, you’ll reduce your monthly utility bills now The money you save could be put away for a rainy day or invested elsewhere in your home.
GVEC is a trusted provider and installer of residential solar panel and battery storage systems in Gonzales and surrounding areas. Homeowners also count on us for internet service, AC/heating and whole-home surge protection. For more information about why you should install a solar panel system on your property before 2022 ends, call GVEC at 855.898.8807, or fill out a contact form today.