The federal government currently offers a 30% federal tax credit for purchasing solar panels (either cash or financed). 30% of the total cost of the system is eligible for a tax credit. As your solar expert, we cannot give tax advice and will refer you to your tax professional to find out whether you can qualify for this credit or not. What we can tell you is that the tax credit does not come in the form of a check. It is simply a deduction from what you would have otherwise owed in taxes. For example, if your tax credit is $10,000 and you owe $10,000 in taxes to the federal government when you do your taxes that year, using your credit will cover that full amount leaving you with $0 owed to the IRS. Or if you owe only $4,000, then you will owe $0 and have $6,000 left to use for the following year. On the other hand, if you don't owe anything in federal taxes, then you will not qualify for any of your tax credit because there is nothing to deduct from. If you do not qualify for the federal tax credit, a PPA is a great option for you because the company qualifies for the credit and extends those savings to you through a lower monthly payment. Click the button below to be redirected to the official government website regarding the tax credit for more information.
Here at Sunify, we offer up to $1,500 towards our customers' past due balances on their utility bill. This is paid out 2 Fridays after the solar installation. Click the link below to see some of our relieved customers after receiving their cash!
We prefer to get the job done right, not only because we work with integrity, but so that you can refer us to your friends and family. If you give us any referral that gets installed, we will pay you $500 for each referral!
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