As the vibrant colors of fall paint the Redwood Curtain, it’s time for local homeowners and businesses to consider their fall maintenance routine. While solar panels are designed.
Disclaimer: This material is for informational purposes only. It is subject to change and should not be relied upon for tax advice. We always recommend speaking with a tax professional before making tax-related decisions.
If you’ve been considering going solar on the North Coast, now is the perfect time to make the switch. The federal solar tax credit provides substantial savings to both homeowners and businesses, covering up to 30% of the total cost of solar installation in 2024.
Key Benefits of the Solar Tax Credit in 2024
- Covers 30% of the total cost of solar installation, including equipment, labor, and installation.
- There is no annual maximum for the solar tax credit. If your tax liability reaches zero with a remaining balance, it will roll over to the following tax year.
- The credit can be used for various solar technologies, including panels, solar water heaters, and solar battery storage.
- Grid-tied and off-grid solar energy systems are eligible for the solar tax credit.
Timing is Everything: Complete Your Installation Before Year-End
Timing is a critical factor in maximizing the benefits of the solar tax credit, which is claimed when you file your taxes for the year in which the installation is completed. This presents a significant opportunity for homeowners and businesses.
By completing your solar project in 2024, you will be able to claim the credit when you file your taxes in early 2025. This approach minimizes the wait time to receive your tax benefit. Conversely, if you delay your upgrades until 2025, you will have to wait until April 2026 to claim your credit, resulting in a longer wait time.
This strategic timing not only allows you to realize financial benefits sooner but also enables you to utilize your tax savings for other home improvements or investments without unnecessary delays.
Your Local Solar Experts
At Six Rivers Solar, we’re proud to be your trusted local experts in renewable energy, with over 40 years of experience serving Humboldt and Del Norte Counties. Our deep understanding of the regional climate allows us to provide tailored solar solutions that meet the unique needs of homeowners and businesses.
We specialize in a wide range of systems, including grid-tied, off-grid, and solar battery backup, using high-quality American-made products. Our commitment to excellence ensures that every installation is performed to the highest standards. From the initial consultation to the final inspection, our dedicated team guides you through every step of the solar process.
