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Will Solar Eliminate My Power Bill?
Every month many of us suffer from the rising cost of electricity. It’s a tool we all need, but do we need to pay these exorbitant prices? In most parts of the country, people feel trapped in paying these rates since no other solar companies provide services where they live. This was true ten years ago, but with advances in technology, you can now drastically cut your electricity bill and even get rid of it together.
Many people have eliminated their energy bills using solar energy. In recent years, the cost of solar technology has dropped dramatically. Besides, homeowners take advantage of the Solar Tax Incentive, which significantly reduces the cost.
What is the Solar Tax Incentive?
Also known as the Investment Tax Credit it is an energy tax credit that allows you to deduct 26% of your taxes to pay your solar energy. The only requirement is that you own the solar energy system. The credit is claimed when filing the yearly tax return. If one year return does not cover the total you can claim the remaining the following year. This credit applies to residential and commercial systems. The best solar company will provide you with information about the tax credit and any further questions regarding installation.
Medford solar is accessible to more and more people. With lower pricing and tax credits, you can finally take control over how much you spend on energy while you save the planet.
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