Since the Federal Investment Tax Credit has been increased to 30% for all solar panel installations that began in 2022, solar panels have become even more enticing to property owners. Besides the cost incentives (that are huge), solar energy is renewable and sustainable, making it an environmentally friendly choice for powering your property. By harnessing the power of the sun, solar panels generate electricity without emitting harmful greenhouse gasses or pollutants. By installing solar panels on your property, you contribute to reducing carbon emissions and combating climate change. This is especially important if you own a commercial property, as being green can attract more clients to your business or renters to your apartment building. In this article, our solar panel installation team in NJ will take an even closer look at the advantages of solar energy for your property – whether it be commercial or residential.
Solar Panels Are Not Dependent on Other Sources of Energy.
One compelling reason to consider solar panels for your property is their independence from other energy sources. Unlike traditional electricity, which relies on fossil fuels such as coal or natural gas, solar panels generate electricity directly from sunlight. This independence from fossil fuels makes solar panels a reliable and sustainable energy solution,. Which is especially important if you experience a power outage on your street. With a solar battery backup system installed in conjunction with your panels, you can tap into stored energy and keep things running business as usual. Solar panels and solar backup effectively reduce your dependence on the traditional power grid, so you can obtain more control over your energy consumption.
Solar Panels are Safe to Install and Maintain.
Solar panels are designed with safety in mind, making them a secure option for your property. The installation process adheres to strict safety standards, ensuring that the panels are securely mounted on your roof or property and connected to your electrical system. Additionally, solar panels do not produce any noise or emit harmful emissions during their operation, making them a silent and environmentally safe energy solution. With proper maintenance and regular inspections, solar panels can provide clean and safe energy for many years.
Property Owners Can Claim Enticing Tax Benefits for Installing Solar Panels.
As we briefly mentioned above, investing in solar panels for your property can also bring significant tax benefits. We’ll focus on what’s available in New Jersey, as that’s where our solar experts are located. The federal residential solar energy credit, for example, allows you to claim a percentage of the solar PV system’s cost as a tax credit. The exact percentage varies depending on the installation year. Fortunately, all installations that began in 2022 can receive a 30% tax credit, and this extends all the way to 2032. Even if your installation began earlier than 2022, this tax credit can still provide substantial savings on your federal income taxes. Additionally, there is the NJ Solar Sales Tax Exemption, a 100% sales tax exemption on all major solar equipment you buy for your property, which means you save 7% upfront. Did we mention all taxpayers are eligible for this incentive?
Safe and Affordable Solar Panel Installations in New Jersey
By choosing solar panels for your property, you not only enjoy the economic benefits of solar energy, but also contribute to a cleaner and greener future. Green House Solar, a trusted and experienced solar installation company in New Jersey, can help you navigate the process of installing solar panels and take advantage of the available tax incentives. Our team of knowledgeable professionals will guide you through every step, from design to installation, ensuring a high-quality and reliable solar energy system for your property.