2019 may hold a lot of goals for those in your household; like eating healthier, putting more into the savings account, volunteering more, etc. But if you have been waiting for the perfect time to install solar panels on your home (and cross a couple of other things off your resolutions list at the same time), 2019 is the year to do it.
Solar power in 2019 is expected to be a hot ticket, for a number of reasons — homeowners are growing weary of the unpredictability of energy prices, foreign intelligence hacking has posed a threat to American power grids, and 2019 is the final year for the full 30% savings that the Federal solar tax credit is offering on the installation of residential and commercial solar photovoltaic (PV) systems . So what do you need to know in both Colorado and Texas, before going solar in 2019?
The Final Year of the Full Federal Solar Tax Credit
After an extension of the Federal Investment Tax Credit back in 2015, energy conscious homeowners who invested in renewable energy were allowed to deduct 30% of the cost of their solar installation from what they owed the Federal government in taxes. But after 2019, that deduction drops down to 26%, and by the year 2022 the program is scheduled to end for residential projects. Financially speaking, 2019 is the year to get the most out of your newly installed solar panels!
State Offered Financial Incentives (TX & CO)
Power utility companies is both Texas and Colorado are offering financial savings for customers that are taking the lead on harvesting their own energy, and reducing their reliance on the power grid. For Austin and San Antonio Texas residents, CPS and Austin energy are both offering installation rebates and per watt rebates. You can get more information on our Texas Solar Rebates page.
For Denver, Fort Collins, and Colorado Springs, Colorado homeowners, there are offered rebates and incentives from Xcel, Fort Collins Utilities and Colorado Springs Utilities — read more about the savings here.
In a recent unanimous vote by the California Energy Commission, all new homes and low rise apartments in California will be required to have solar panels. Though this clearly doesn’t directly affect homeowners in Texas or Colorado, it is progressive legislative move towards renewable energy and could implicate home builders and contractors across the country. And as solar panels continue to grow in popularity and efficiency, it is likely to be adopted by more states in the future. So get ahead of the game while taking advantage of the offered installation savings!
Keep The Lights On: Battery Storage & Blackouts
Installing an off-grid solar photovoltaic (PV) system will keep your home isolated from any unexpected power outages your local grid may experience. It is a common misunderstanding that solar panels will inherently do this, but your solar panels must be combined with a battery storage system in order to be “off-grid”. Battery storage systems keep the excess energy your solar PV system generates for use overnight or in an out — so that you are not wasting a single kilowatt of electricity.