The decision to install solar power panels in your home will bring multiple benefits in long terms savings. However, in the short term, there are some financial advantages that will contribute to further savings. And of the potential benefits, homeowners get after installing solar panels are several rebates and tax credits. These incentives are offered at the federal, state, and local levels to promote renewable energy. It will contribute to reducing the carbon footprint and also helps to make our planet earth a greener and cleaner place for future generations to come [1].

A tax credit is an incentive scheme offered for a dollar-for-dollar reduction in the income tax amount you owe at the end of the financial year. For example, if you have to pay $1,000 in lieu of federal income taxes; then claiming a $1,000 federal tax credit will give you a waiver to pay this amount as an income tax. A federal tax credit is also called an Investment Tax Credit or ITC [2].

If you are a homeowner and decided to install solar panels in your home, then you will be eligible for getting a federal tax credit. Thus you will get a credit for your income taxes, which saves you money over the tax bills [1]. To claim a tax credit, the solar system installation should be done within the tax year. Homeowners who choose to install solar PV systems in 2020 or 2021 are qualified for a 26% tax credit. However, in August 2022 government passed a regulation to increase the tax credit to 30% for the years between 2022 – 2032 [2].

If you fulfill all of the requirements listed below, you could be qualified for getting federal tax credit [3]:

• The installation of the solar panel system has been done between January 1, 2017, and December 31, 2034.
• Your installed solar panel system is located at the residence within the United States territory.
• You should have ownership rights for the installed solar panel system (i.e. you have purchased it in cash or through a financing option).
• The installed solar PV system should be new or utilized for the first time. The ITC can only be claimed on the original installations.

Besides getting tax benefits, there are multiple other advantages to adopting solar energy for your home, which are given below [4], [5]:

• You will save a significant amount on electricity bills. Your energy bills will either reduce or eliminate after installing a net metering option.
• By installing a solar panel system, your home’s worth will increase.
• Solar power works everywhere. In the U.S. most states have an abundance of solar resources e.g. California, Texas, and Florida are the top three states with extensive sun hours.
• Solar power is good for the environment. Each kilowatt-hour (kWh) of electricity produce by solar panels will significantly reduce greenhouse gases.

The federal tax credit for solar energy will empower home owners to take advantage of cost efficient means of generating electricity. While installing solar panel for the first time may seems to be a high investment, but when you compare it with the benefits received in short and long term you will get a significant return on investment. Therefore going solar worth you more than you have to paid for. For getting a federal solar tax credit advantage, we recommend you to contact with a professional tax consultant and take advice on receiving tax reduction claims.

1. L. Murphy and L. Pelchen, ‘Solar Tax Credit By State In 2022: What You Need To Know’, Forbes Home, Sep. 13, 2022. https://www.forbes.com/home-improvement/solar/solar-tax-credit-by-state/ (accessed Sep. 17, 2022).
2. E. US DoE, ‘Homeowner’s Guide to the Federal Tax Credit for Solar Photovoltaics’, Energy.gov. https://www.energy.gov/eere/solar/homeowners-guide-federal-tax-credit-solar-photovoltaics (accessed Sep. 17, 2022).
3. J. Marsh, ‘Federal Solar Tax Credit for Homeowners: Complete Guide | EnergySage’, EnergySage Blog, Aug. 16, 2022. https://news.energysage.com/solar-tax-credit-explained/ (accessed Sep. 17, 2022).
4. E. S. US DoE, ‘Benefits of Residential Solar Electricity’, Energy.gov, Sep. 17, 2022. https://www.energy.gov/energysaver/benefits-residential-solar-electricity (accessed Sep. 17, 2022).
5. T. Holowka, ‘Top four benefits of installing solar panels on your home | U.S. Green Building Council’, USGBC, Apr. 05, 2017. https://www.usgbc.org/articles/top-four-benefits-installing-solar-panels-your-home (accessed Sep. 17, 2022).

Solar panels are a great way to save money on your energy bill, and they’re becoming more and more popular as the technology improves and the price comes down. But how do solar panels work?

Solar panels are made up of photovoltaic cells, which are made of semiconductor materials like silicon. When sunlight hits the photovoltaic cells, the photons knock electrons loose from the atoms. The electrons flow through the material to metal contacts on the cell, generating an electric current. 

Solar panels generate DC electricity, but your home uses AC electricity. So the DC electricity from the solar panel is fed into an inverter, which converts it to AC. From there, it’s fed into your home’s electrical system.

If you’re thinking about getting solar panels for your home, there are a few things to keep in mind. First, you’ll need to make sure your home gets enough sun to make solar panels worth it. Second, you’ll need to decide whether you want to lease or buy your solar panels. And finally, you should be aware of the federal tax incentives.

If you are a homeowner and decided to install solar panels in your home, then you will be eligible for getting a federal tax credit. Thus you will get a credit for your income taxes, which saves you money on your tax bills. In 2022 our government increased the tax credit to 20% from years 2022-2032. Read this Home Owners Guide To 2022 Federal Tax Credits For Solar Energy

If you are interested in solar panels installation, contact Excel Construction Group Solar today! 

The Smartflower solar is a photovoltaic (PV) System that generates electricity from sunlight. The system is comprised of a tower, base and a set of PV Panels. The tower houses a PV module, an inverter and a controller.  The base contains a set of batteries. The PV Panels are arrayed around the tower in a flower-like configuration.

The system is designed for both residential and commercial applications. It can be used in gardens and on rooftops which makes this ideal for both residential and commercial applications. It is also available in different sizes and can be customized to meet the specific needs of each customer.

The Smartflower solar is a unique PV system that offers many benefits over traditional PV Systems. It is easy to install and maintain and it is also more aesthetically pleasing than many traditional PV Systems.

The Smartflower solar is also unique in that it tracks the sun and produces more energy than traditional solar panels. The panels that make up the flower are self-cleaning which increases its efficiency and it folds up at night to protect itself from the elements.

The Smartflower solar is a great option for those looking to install solar panels whether there looking to reduce their carbon footprint or simply looking for ways to save money on their electric bill. Excel Construction Group Solar can help you choose the right solar panel system for your home or business. Contact us today to learn more about solar energy and how we can help you save money and the environment.

Making your home more energy efficient doesn’t have to be complicated or expensive. There are a number of small changes you can make that will have a huge impact on your energy usage.

One of the best ways to make your home more energy efficient is to install Solar Panels on your home. Solar Panels can be used to generate electricity, heat your water and they’re a great way to reduce your reliance on fossil fuels. If you live in a sunny climate, solar panels will be a great option for you!

Also Read : The Science of Solar 

Another way to make your home more energy efficient is to improve your insulation. This will help you to keep your home warmer in the winter and cooler in the summer which in turn will help reduce your energy bill. There are many different options to consider when looking at upgrading your insulation:

• Spray Foam Insulation
• Fiberglass
• Blown -in Insulation
• Radiant Barrier

Using energy efficient lighting, installing a programmable thermostat, weather stripping for your windows and doors and upgrading to more energy efficient appliances are also easy ways to make your home more energy efficient.  There are a number of other ways you can make your home more energy efficient, including upgrading your windows, doors, replacing your current screens with solar screens as well as purchasing batteries.

Here at Excel Construction Group Solar we provide Home Energy Assessments to all of our potential Customers at no cost to them. During this process we will complete a full inspection of your home. We inspect the Heating and Cooling System, thermostats, Fans, Roof, Walls, Doors, Windows, Water heating system, appliances and lighting. This will help you and us get a better idea of all of the potential ways you can increase the efficiency of your home. Call us today to schedule your Energy Assessment with us.