18 Mar Ten Reasons To Invest Your Tax Return In Solar
It’s that time of year again. You put in the hard work all year long last year, filed your taxes in the spring this year, and now you’ve received a big, fat, tax return check back from Uncle Sam. Perhaps you may be fantasizing about the ways you can invest this extra cash. Fancy dinners, presents, or even a down payment on a major purchase like a car may sound appealing, but those aren’t your only options. Many financial advisors recommend investing that money instead of spending it immediately—and there’s no better way to invest than by going solar.
Here are 10 reasons to spend your tax return on a new, state-of-the-art solar panel system:
1. Say Goodbye To Sky High Electric Bills
Speaking of the electric grid, you can say goodbye to your high electricity bills! With solar, you’ll never get one of those ridiculously high electricity bills (that always seem to come at the wrong time) ever again.
2. Performance Security
You can count on your solar panels to last for over 25 years—and many systems have lasted much longer. Systems have been shown to last for up to 40 years, effectively doubling the money you’ll save during that time.
3. Tax Incentives
Good news: The government will actually pay you to go solar. The investment tax credit (ITC), known as the federal solar tax credit, means that you will be given a tax credit of 26% of the cost of installing a solar energy system on your federal taxes IF you install solar in 2020. For 2021, that credit will drop to 22%.
4. Increase Property Value
Choosing between solar and a kitchen remodel? Think of it like this: The average kitchen remodel costs an average of $21,000, with a typical yield of 76-81% when it comes time to sell the house. Solar, on the other hand, routinely sees increased home values over 100% of the cost of the unit.
5. Do Good For The Environment
Did you know that Electricity and Heat Production, as well as other energies, account for over 35% of our Global Greenhouse Gas Emissions?
Solar is 100% emission-free!!
6. Energy Independence
Solar + battery = Energy Independence – by pairing a solar system with a battery, you are able to run your house on solar, as well as charge your battery during the day. When the sun goes down then you discharge your battery. You get peace of mind knowing that you have your own power generating plant.
7. Say Good-bye to gas
Most major automobile manufacturers have announced over 100 new electric vehicle options coming available in the next couple of years. Many already have options. Did you know that you can charge your vehicle straight from your solar panels? With the Solaredge car charger, the electricity created by your solar panels can go straight to the battery in your car.
8. Protect Yourself From Utility Prices Increases
By going solar, you’re setting yourself free from the merciless fluctuations of utility prices. When your neighbors start paying more on their electric bill every summer, or when more houses get built in an area and start straining the grid, you can sit back and relax. You’ll be paying the same low or non-existent rates as always, even when everyone else’s bills go up.
9. Become A Trendsetter
Ever drive through a neighborhood and see just a couple houses with solar panels on the roof? In the next ten years, that’s all going to change, and you’ll see only a few houses without solar panels. Clean, renewable energy sources are the future, and now that technology has made clean energy available to more people, it’s catching on quickly. Be the first on your street to go solar, and you will be the coolest kid on the block.
10. It’s Easy
Seriously. We make the process of going solar easy and painless. We’ve installed over 2,000 systems in Texas, and we’re not stopping anytime soon. Our team will design a unique system for your needs and walk you through the process every step of the way.
Tired of watching the stock market go up and down? There’s no better investment for that once-a-year tax return windfall than going solar. Ready to join the movement? Contact us today to get your free quote!