There is much more to installing solar panels in your home than you might think. Here in Laredo, homeowners can optimize their custom-designed solar PV (photovoltaic) systems to meet their exact energy needs, and there are financial incentives offered to reduce the financial costs of solar installation. Here is everything you need to know about going solar here in Laredo, in 2020.
The Federal Solar Tax Credit
Though it is in its final years, there is a federal solar tax credit available for solar customers. It is formally called the Investment Tax Credit, or the ITC.
How the ITC Works in 2020
The ITC allows for a reduction on your federal tax liability, based on your solar installation costs. Homeowners that install solar panels in 2020 can take 26% of their total solar installation costs and subtract it from what they owe in federal taxes.
But you’ve got to hurry — if you wait to start any significant work on your solar installation until after December 31, 2020, that percentage drops to 22%, and after 2021 the tax credit will be eliminated for residential solar installations.
Utility Incentives in Laredo: Net Metering & Solar Sell Back
Depending on your electricity supplier, you may be able to take advantage of net metering, or solar sell back programs. These programs provide a credit on your electricity bill for the excess electricity that a solar PV system generates. This often occurs during peak sun hours, when electricity demand is lower than the solar output of the system. Utility companies in Laredo that offer solar or renewable buyback programs include, but are not limited to:
Including Battery Storage in Your Solar Plans
As we spend more time indoors this year, many homeowners are looking for solutions that take their homes off of the greater electrical grid, and increase their energy independence. Unfortunately, a traditional solar PV system is still connected to the grid, and will shut off in the event of a power outage. The reason for this is that a grid-tied system includes a safety mechanism to protect powerline workers from unexpected electrical shock while performing emergency maintenance. So what can you do to gain greater energy security?
A battery storage system, like Tesla Powerwall, will store all of your excess electricity (like we mentioned in the net metering section), and will keep your home operating independently from the electrical grid! When you include battery storage with the best solar panels available, like San Antonio-made Mission solar panels or the ultra-efficient Panasonic HIT panels, you can keep your lights on during an outage or avoid peak charing periods using 100% renewable electricity.
Looking for Solar Panels in Laredo, TX? Go CAM Solar!
If you have been wondering what a future in solar energy might look like for your home, and have been looking for a “solar installer near me”, CAM Solar is the solar contractor that Laredo trusts. We are dedicated to providing you with up-to-date, accurate information regarding your custom designed solar PV system, so you can make the right choice for your home. We can even give you a ballpark idea of what solar may cost with our solar calculator.
No matter your solar needs, we are a solar provider you can trust with the future of your energy costs and carbon footprint of your home. It all starts with a free solar quote!