Anyone investing in Solar Power in 2019 is set to profit from a 30% federal government tax credit. But sadly, 2019 is the final year and the last opportunity to make those savings. If you've been considering investing in solar, there has never been a greater time to get started than now!
Solar power property owners could effectively acquire a 30% discount. Solar energy power experts are estimating, on average, a huge $13,500 saving. It's unlikely we'll see such a chance again, with tax credit reductions reducing to 0% over the coming few years.
Solar power systems are becoming more and more popular, due to the savings made and the environmental impacts. The 30% tax credit has boosted solar installations throughout the country as home owners take advantage of the huge savings.

Is There Enough Time To be Eligible for the 30% Federal Tax Credit?

If you act quickly, yes. But to be qualified for the tax credits the setting up will have to start within 2019 - so act soon!
  • The tax credit percentage is set by the year when the solar installation began.
  • The tax credit is qualified even if the setup is not completed in 2019.
  • The solar installation must be fully functional by December 31, 2023.
The best solar power providers will be able to work fast and ensure setup is at least started in 2019. This will make you eligible for those tax credits. These solar companies are often very educated on the savings and financing side of the job. They may even offer a solar financing service to assure you make the quickest return from your investment.
In most residential cases, a solar installation can be as quick as two days. It's worth calling your local solar power company to see how they can help you with that 2020 cutoff coming fast.

What are Solar Energy Tax Credits?

Federal solar tax credits allow residential or commercial property owners to deduct up to 30% of the cost of the solar install in the U.S. Whether it's a business or residential property, there is no limit to the value of a system which is eligible. It's a very good chance to make savings for photo voltaic energy owners, big and small. 2019 has seen a 30% tax credit extended until the end of the year. Over the next few years, the tax credit percent will reduce to 0%.

How Much Can I Save With Solar Energy Tax Credits?

Solar power owners can effectively acquire a 30% reduction on a solar power installation in 2019 thanks to the federal solar tax credits, regardless of how much the system costs.
For example, if your solar power installation costs $10,000, then you can receive a 30% tax credit of $3,000. This is proving hugely popular for Clearwater solar power and St. Petersburg solar power investors, with vast financial savings being made for all.
  • Help make solar electrical power installation more economical.
  • It motivates home owners to buy their own solar systems. Leasing does not qualify for tax credits.
  • It helps boost the solar power industry.

Federal Tax Credits Can Help Reduce the Costs of:

  • Solar Power Installation Expenses
  • Solar energy Equipment
  • Freighting Charges
  • Technician Expenses
  • Electrician Expenses
  • Roofing Expenses
  • Permitting Service Costs
  • Permit Expenses
  • And Much more

A Quick History of Solar Energy Tax Credits

In 2005 the EPA established the 'Energy Policy Act.' This included a solar tax credit that was set to expire in 2007. But due to its popularity and boost for the solar industry, it has been extended for over a decade. In 2019, home and business owners have one last opportunity to make record savings.
  • 2019 - 30% Solar Tax Credits until December 31, 2019.
  • 2020 - A reduction to 26% Solar Energy Tax Credits
  • 2021 - A reduction to 22% Solar Energy Tax Credits.
  • 2022 and onwards - Only new commercial solar powered system installations will receive a 10% tax credit reduction.
  • 2022 and onwards - 0% tax credit for residential solar installation.

What are the Requirements to be Eligible?

Solar power owners must be conscious of the following to ensure they are eligible for the 30% tax credit reduction:
  • The solar setup must have started by December 31, 2019.
  • You must own and not rent the residential or commercial property.
  • You must own the photovoltaic panels, not lease.
  • You can still acquire tax credits if you purchased your solar panels with a loan.

Just how Do I Claim the 30% Solar Energy Tax Credit?

When filing your 2019 tax return, you must:
  • Check that your setup started before December 31, 2019.
  • Collect any receipts related to the cost of solar power.
  • Complete IRS Form 5965
  • Add the Tax Credits to Form 1040
  • Phone your local solar power installation company for more info.

Is Energy Storage Eligible for Tax Credits?

Energy storage systems are qualified, but only if they are integrated with photovoltaic arrays or other renewable energy systems that are eligible under the incentive. This means you can't receive tax credits for a storage system alone. It must be part of a full solar system.
  • Residential owners will receive a tax credit if 100% of the storage's charge is provided by solar power.
  • Commercial owners will receive a tax credit if at least 75% of the storage's charge is provided by solar power.

How to Find the Best "Solar Power Provider near Me"

Local solar power providers are easy to find, but the best have certain stand-out services and promises. Once you start looking, make sure they are:
  • A NABCEP Certified PV Installer
  • Licensed & Insured
  • Promise at least a 25 Year Life Span
  • They have considerable experience.
  • Guarantee expert maintenance.
  • Have five-star testimonials across the board.
If you want that federal tax credit reduction of a great 30%, then act today! With huge savings to be made, there is no reason to stall. Don't spend 2020 regretting it, contact your local solar power company today.
If you live in Florida near the Tampa Bay, St. Petersburg or Clearwater area, be sure to ask about Florida Power Services "The Solar Power Company". Florida Power Services has been labeled as the top-rated St. Petersburg Solar Power Company for over 17 years. Their Clearwater solar installation team has received numerous awards of excellence for quality and customer satisfaction offered. Florida Power Services "The Solar Power Company" has three convenient locations to better serve you.
Florida Power Services
"The Solar Power Company"
503 E Jackson St
Tampa, FL 33602
(727) 667-9955
Florida Power Services
"The Solar Power Company"
500 S Belcher Rd
Largo, FL 33771
(727) 667-9955
Florida Power Services
"The Solar Power Company"
415 62nd St NW
Bradenton, FL 34209
(727) 667-9955
 

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