2018 may have gotten off to a bumpy start in some ways, but savings with solar has never been higher!
Trump’s 2018 Budget did two things that make the great advantages of solar even better.
- Trump KEEPS the 30% ITC (Investment Tax Credit) that home and business owners can take.
- Trump ALLOWS 100% depreciation for solar for business to be take in year-1 of service.
Waiting will only cost you more. Taking advantage of solar for your home in 2018 guarantees you the highest tax savings possible. Solar for your business has never been a better decision for both savings, and tax + depreciation benefits.
There has been fear in solar markets that Trump would be anti-renewable-energy, but the reality has been more neutral. The hard facts have proven that solar is a huge money saver for homes and businesses in every place in the world. You cannot compete with the free energy from the sum. The latest global economic trends show that all forms of renewable energy will be cheaper than fossil fuels by 2020. That’s the simple fact.
Financial powerhouse Morgan Stanley, brother of JP Morgan, is not the first leading analyst to predict solar prices even falling further. Morgan Stanley predicts this “Tipping Point” will happen in 2020.
We also have a developing scenario where oil prices spike after 2020 due to the lack on new investment into oil infrastructure. It’s a simple fact that the fossil fuel industry has long put off modernization as a way to keep profits highest. Now with the reality of a renewable energy future rising, those big investments into oil production modernization will likely never happen.
Looking at just 5 of the benefits of going solar and ask yourself: What is stopping me from getting solar?
#1 Drastically reduce or even eliminate your electric bill
For homeowner, business, or nonprofit, electricity costs can make up a large portion of your monthly expenses. With a solar panel system, you’ll generate free power for your system’s entire 25+ year life-cycle. Even if you don’t produce 100% of the energy you consume, solar will reduce your utility bills and you’ll still save a lot of money.
#2 Earn a great return on your investment = 30% Tax Break + Business Depreciation!
Solar panels pay for themselves in as short as 3 years. Your energy is one of the best ways to invest, with returns rivaling those of more traditional investments like stocks and bonds. Thanks to substantial electricity bill savings, and 30% tax credit, the average home or business can greatly reduce the cost of the system purchase.
#3 Protect against rising energy costs
One of the clear-cut benefits of solar panels is the ability to hedge against utility prices. In the past ten years, electricity prices have gone up by an average of 5% annually, and peak demand charges for business can be $25 per kWh or more! By investing in a solar energy system now, you can fix your electricity cost and protect against unpredictable increases in electricity costs, and reduce your demand charges.
#4 Stay competitive
Companies quickly are realizing the social and economic benefits of adopting solar power. As early adopters pull ahead of the competition, and our clients find solar power can make them more profitable. Having a sustainable business plan must address the future cost of energy and energy security.
#5 Protect the environment
Solar is a great way to reduce your carbon footprint. Buildings are responsible for 38% of all carbon emissions in the U.S. Going solar can significantly decrease that number. A typical residential solar panel system will eliminate three to four tons of carbon emissions each year—the equivalent of planting over 100 trees annually.
Getting a free quote is simple as reaching out to us. The process is simple, and we include a energy storage battery quote too. If you are a business owner we would be happy to meet in person to visit your facility and analyse your energy needs more closely.