Accurate Estimates
Our experience enables us to quickly and accurately assess your solar needs.
– 26% Federal Tax Credit
– Renewable Energy Credits (RECs)
Your True Net System Cost
Gross cost for your PV Solar System: The total cost of your turnkey system, including all labor and materials.
26% Federal Tax Credit: Owners of new residential and commercial solar energy systems will be able to claim 26% of the gross cost of the system on their Federal Tax Return. This percentage will expire at the end of 2020. The Federal Tax Credit will drop to 22% for residential and commercial systems installed in 2021. In 2022, the Federal Tax Credit will no longer be available for residential systems and will be further reduced to 10% for commercial systems.
Renewable Energy Credits (RECs): These are monetary credits paid to you quarterly for producing renewable energy. You will receive 1 credit for every megawatt-hour (1MWh = 1,000 kilowatt hours) your system generates. Utility companies are required to purchase a certain number of kWh of electricity that is produced by solar energy. The value of RECs fluctuates, and is set by supply and demand, as well as other market factors.