September 12, 2019

Don't wait to install solar panels

"Installing solar panels is expensive, but if you have the money, now might be the time to act. That’s because the investment tax credit, which offers significant deductions for installing a solar energy system, is set to expire soon."

"If your system is hooked up and running before the end of the year, you’ll be able to deduct 30 percent of the installation costs from your tax bill. In 2020, the tax credit will fall to 26 percent. In 2021, it drops to 22 percent, and, in 2022, it will be phased out for residential customers."
Source: NYTimes.com/climate

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