We all know that the sun is a very powerful source of energy. Solar energy is extracted from the vast radiation of the sun. Solar energy has become more and more popular, bolstered by the Investment Tax Credit (ITC) and the many awareness campaigns such as Climate Strike Day and youth activists such as Greta Thunberg. As a renewable energy source, Solar Power Seattle has become more and more affordable.
Investment Tax Credit (ITC)
Some people are worrying about the disappearance of the Investment Tax Credit (ITC) which will happen in a few years. This Investment Tax Credit has been applied to equipment, labor, and electrical work related to solar energy installations. Solar energy is a renewable energy source that makes it the best option for our planet. The Investment Tax Credit (ITC) has been a benefit for residential solar installations. Although the Investment Tax Credit (ITC) is an important benefit for Seattle solar homeowners, there are many other reasons to chose solar power.
This tax credit gave solar customers a 30% tax credit. It has opened doors to many businesses and homes to acquire solar energy. It is one of the factors that helped make clean energy affordable to many more people and businesses. It has helped lower both the general cost of the services and the materials. Advancements in manufacturing technology have also helped reduce the price of solar installation.
Process of the Disappearance of ITC
After December 31, 2019 the Investment Tax Credit (ITC) will step down to a 26% credit. In 2021 it will be at 22%. In 2022 the Investment Tax Credit (ITC) is scheduled to completely disappear for homeowners, but business owners will continue to have a permanent 10%. Lawmakers are working to request an extension of the Investment Tax Credit (ITC) to create solar energy and reduce carbon emissions for our planet.
Will an extension be approved?
The extension of the Investment Tax Credit (ITC) is currently under discussion. There are many benefits of extending it such as reducing carbon emissions, the development of jobs, expansion of the solar industry, among many others. If the Investment Tax Credit (ITC) is important to you, consider contacting your representative in Congress to let them know.
Solar energy installations are the best choice you can make for your home and for your planet. For more details about this interesting topic and many more please visit our site https://artisanelectricinc.com. Solar energy is becoming a primary source of energy for our country as more homes and businesses choose to install it. The extension of the Investment Tax Credit (ITC) would certainly help assist many people to make affordable solar energy installations in their homes.
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