Financing solar makes sense now more than ever. The new tax reform and legislative terms include a 30% Federal Investment Tax Credit that is valid through 2019. Specifically, this allows the customer to deduct 30 percent of the cost of installing a solar energy system from their federal taxes. Additionally, there’s no maximum limit on the amount spent or saved on a system.
"Financing terms have never been more favorable for California entities looking to invest in solar." - Chad Cummings, Director of Sales and Marketing, JKB Energy
What does this mean for timing?
The Federal Investment Tax Credit (ITC) will remain at 30% through 2019. Depending on the size & scope, some projects may take up to 12 months to complete from time of contracting. Now is the time to begin the proposal and vetting process for your next solar project. Take advantage of the highest tax credits for the foreseeable future.
Federal ITC “Sunset” Schedule:
Thru 2019: 30%
Thru 2020: 26%
Thru 2021: 22%
2022 & beyond: 10%
By utilizing financing you’ll be able to get a system installed and interconnected with the utility for $0 dollars down.
“In our experience, we’re seeing financial institutions aggressively seek out solar projects. With a variety of banking options it’s a win-win for our customer and the financiers,” mentions Chad Cummings, Director of Sales and Marketing.
Have you reviewed your financing options? Contact our team for a detailed explanation that fits your solar needs. Please call us at (209) 668-5303 or email firstname.lastname@example.org.