Procrastination can cost you big time, especially if you are remotely thinking about adding a renewable solar electric system to your home! Just in case you are not aware, homeowners can earn a 30% Federal Tax Credit for installing solar. For example, let’s say a solar system cost $30,000. You would be entitled to receive 30%, or $9000 back in the form of a credit when you do your 2013 taxes. There is no other home improvement on the planet that offers this type of lucrative incentive. The key here is … your 2013 taxes … meaning if you jump start the process before the end of the year, and get your system installed, you can get your money back early next year. That’s a quick return on investment.
Another thing to consider is that our government will be addressing the “debt ceiling” and “budget” situation during the first quarter. Painful cuts or dramatic reductions to these types of incentive programs are expected. If your procrastinate on moving forward with solar, it could cost you BIG TIME!
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