The Tamp Solar Company - Choosing the Right Solar Company
If you're in the market for solar panels or want to learn more about Net metering and tax credits, there are numerous options to choosing a solar provider. There are a variety of factors to consider, including the quality of work and experience. But how do you tell the right company for your needs?
Net meters
Numerous businesses and jobs have been destroyed by Nevada's net metering policies. Only two weeks after the law was enacted, a major rooftop solar firm announced its closing in Nevada and the loss of more than 550 positions. Net metering is designed to offset the fixed cost of maintaining the electricity grid and reduce those costs. However there are some utilities that are cautious about this plan.
A number of people who oppose net metering argue that the system has increased the amount of cross-subsidization that occurs among customers with solar systems. The cost shift to solar customers could result in billions of dollars. In the end, net metering advocates are seeking a change in the legislation.
In Florida the net metering option has been available statewide since the year 2008. The state's consumer-friendly policies have spurred countless Floridians to switch to solar. The law in the state states that homeowner's associations cannot stop a homeowner from using solar. Net meters are designed to make sure that homeowners receive credit for the energy they generate.
Net meters in Florida are under attack. A new bill introduced in the Florida Senate, called Senate Bill 1024, aims to change the way electricity prices are determined. The current net metering rules permit solar users who have a maximum of 22,000 kilowatts to receive a credit for excess energy. The bill requires that the utility cover all costs for retail electricity sold to customers.
In Florida, net meters are allowed to customers who have solar panels on their roofs to sell excess energy back to grid. The laws differ from one state to the next. The issue has been contested by a variety of industries. Florida bills that would alter retail and wholesale rates are being criticized by solar advocates.
Tax credits
The federal government is offering tax credits to solar businesses to help offset the cost for installing solar systems. The credits, worth up to 26 percent of the total project's cost, are available for both commercial and residential systems. In the case of residential systems, the homeowner is able to claim the tax credit on their own tax returns for income. Meanwhile, the business who installs the solar system can claim the credit as a business expense even if it didn't finance the entire project.
The federal tax credit, referred to as the Investment Tax Credit, allows companies to deduct as much as 26% of the cost of a solar energy system. In order to be eligible for the credit, a business must be tax-exempt at the time of filing. The tax-deductible cost is calculated by multiplying of the system by its tax basis.
A solar PV system has to be put in place between January 1st, 2006 until December 31, 2023, to qualify for the tax credit. It must be installed for a primary or second residence within the U.S. or an off-site community project. In addition, the electricity generated by the solar system should not be more than the household's power consumption. A taxpayer can also claim an exemption from taxation under section 25D to purchase a portion of a community-scale solar project.
The federal tax credit for solar-powered projects is a key driver of the growth of the solar industry across the United States. It has helped thousands and individuals lower their costs and also create jobs. This is why the tax credit for federal taxpayers has grown to be one of the key federal policy instruments to support sustainable energy sources.
High-quality workmanship
A solid social media presence is crucial for a reliable solar contractor. This shows that they are listening to what their customers are saying and are willing to modify their system in the event of a need. A Facebook page for a Tampa solar contractor also means that the company is willing to respond to questions and address issues.
Experience
It is important to choose an organization with a stellar reputation for providing excellent customer service and a stellar track record of installing solar panels to your Tampa home. At the Tamp Solar Company, you'll get the best quality solar panels and the most exceptional experience from our experienced team of solar contractors.
Alternatives for financing
There are many choices for solar energy systems you can put in your residence. The solar energy loan can help you save up to 70% of your energy costs over the life of the panels. They are comparable to loans for home improvements and are available through a variety of sources.
Numerous solar energy loan companies offer loans with no-down payments. You don't need to pay much down and your monthly installments will be lower that the average energy bill. A $0 down loan will be particularly helpful for people who have lower incomes. In determining the amount of monthly installments you'll have to make, it's essential to think about the loan's term and interest rates.
Another alternative is to pay cash for your solar system. It's crucial to keep in mind that the solar tax credit isn't as generous than it used to be. This credit will expire in 2020. Putting off the decision to install your system could endanger the ability to save money. It is also possible to take out a power purchase agreement or lease on solar. These options are ideal if you don't have enough funds to cover the entire cost.
Whatever type of financing you choose for your solar system, it's important to find a firm that is knowledgeable of the regulations of the state and local level and has a solid reputation with past clients. If you're looking to spread out their payments over a longer period it is possible to do so with the Tamp Solar Company offers zero down financing. The advantages of solar energy far outweigh the expenses involved.
Name The Tampa Solar Company Florida
Address Tampa Bay, Florida
Phone (813) 592-5529