Paige offers Custom Designs and Site Feasibility Feedback
I have helped 100s of property owners create their Solar electricity and EV charging projects. Contact today for your positive change!
– 26% Federal Tax Credit. Average value ~$5000 per Residence.
– Free power, aka Bill credit from the electric utility. No expiration date.
– No sales tax.
– Increased home value. More good news: Property tax assessment exempt.
– Associated electrical upgrades also qualify for the 26% Federal Tax Credit.
Add this home improvement and in the long run, save money and add value.
Applicable Solar Incentives:
26% of the total solar invoice is equal to the Tax Credit. For example, a $20,000 solar install would be a $4400 Tax Credit.
Your Residential Rental property is classified as a Business, or income-generating. The 26% becomes a Line Item Credit on your tax liability. This is the same percentage amount as the Solar Tax Credit that residential homeowners enjoy. The IRS wants you to file the Tax Credit differently but the total credit percentage is the same.
Additional Cost Recovery:
If your rental property is a qualified business then it’s likely you can depreciate, or “write off” your investment in Solar. There are limits on how much credit can be taken in a year. I can provide all of paperwork needed to pursue this. Let’s be sure and consult with your accountant first, for instruction and advice regarding this possibility. See #1 below, IRC Section 48 – Energy Credit, MACRS and Accelerated Depreciation Schedule.
References:
Mid-summer days in our region are nearly 16 hours long! Our state allows you to utilize summertime bill credits, so you can enjoy the sun’s bounty all year. Considering renewable energy? I can provide a free consultation, take solar access measurements and furnish proposed designs and quotes from local installers.
2019 was the first year of Solar for Solstice. One participant was a local Fremont musician. His solar PV powers his Air BnB as well as some of his electronic music equipment. His band participates in the Fremont Fair every year!
The Summer Solstice holiday was celebrated June 20th in a virtual Fremont Solstice Parade and Celebration. The festivities are available for viewing on You Tube: Here. All the better to be enjoyed by those near and far…Think Global, Act Local!
Go Solar and I will make a membership level donation to support the Fremont Arts Council. Typically the Council does fundraising at the annual Fair. Naturally this was not possible in 2020.
Want to support a good cause? Explore your 2020 summertime solar options with me today!
