Maximize Your Savings: Federal and Pennsylvania Tax Credits for Solar Power with Maverick Roofing
Did you know that installing solar power in your home not only saves you money on electricity bills but also qualifies you for valuable tax credits? At Maverick Roofing, we’re committed to helping homeowners in Pennsylvania take full advantage of federal and state incentives to make the switch to solar power more affordable than ever.
Federal Tax Credit:
The federal government offers a lucrative tax credit for homeowners who install solar energy systems. The Residential Renewable Energy Tax Credit allows you to claim a credit of up to 26% of the total cost of your solar installation, including equipment and labor. This credit applies to both solar electric systems (photovoltaic) and solar water heating systems installed in your primary residence. Plus, if you can’t use the full credit in one year, you can roll over the remaining balance to future years.
Pennsylvania Solar Incentives:
In addition to the federal tax credit, Pennsylvania offers its own incentives to encourage homeowners to invest in solar power:
- Solar Renewable Energy Credits (SRECs): Pennsylvania participates in the SREC market, which allows homeowners to earn credits for every megawatt-hour (MWh) of electricity their solar panels generate. These credits can be sold to utility companies or other entities, providing a source of income that helps offset the cost of your solar installation.
- Property Tax Exemption: In Pennsylvania, installing a solar energy system won’t increase your property taxes. That means you can enjoy the benefits of solar power without worrying about a higher tax bill.
- Sales Tax Exemption: When you purchase solar equipment for your home, you won’t have to pay sales tax in Pennsylvania. This exemption applies to both the purchase and installation of solar panels and related equipment, further reducing the upfront cost of going solar.
Why Choose Solar from Maverick Roofing?
At Maverick Roofing, we’re experts in solar power sales and installation, and we’re here to help you navigate the complex world of tax incentives and incentives. Our team will work with you to maximize your savings and ensure that you take full advantage of all available credits and incentives. With Maverick Roofing, you can make the switch to solar power with confidence, knowing that you’re getting the best possible value for your investment.
Ready to Start Saving with Solar?
Contact Maverick Roofing today to schedule a consultation and learn more about how federal and Pennsylvania tax credits can help you save on solar power. Let us help you harness the power of the sun and enjoy a brighter, more sustainable future for your home and your wallet.
