January 5, 2019

What Tax Credits Do Solar Panel Upgrades Qualify For?

As licensed energy professionals in Modesto, our technicians at look forward to helping you create a more energy-efficient home with solar panels. If you have been considering installing solar panels, 2019 is an ideal time because of the available tax credits. Some of these tax credits are set to decrease or expire in 2020. Qualifying Products All solar panels made in the USA and installed by American companies qualify for solar panel tax credits. You must be the owner of your solar panel system. This means that if you signed an agreement with a utility company to install solar panels on your house, you do not qualify. You must be the one paying for the solar panels, and you must own the entire system. If you already had solar panels, but you need to replace them, your upgraded new panels will still qualify you for the credits. Qualifying Expenses All of the expenses related to a residential solar panel installation qualify for the tax credits. This includes the cost of the panels, the cost of associated parts such as batteries or wiring and the labor fees for the installation. You can receive the credit for a solar panel installation on...

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