It’s Not Too Late For Solar Tax Credit Eligibility… Here’s Why
When you install your home solar system with Alba Energy before December 31st 2018, you may be eligible to earn 30% of your system cost as an Investment Tax Credit, or ITC.
How Does The Solar ITC Work?
Here’s an example:
Gross cost: $20,000
Less 30% tax credit: ($6,000)
Net cost: $14,000
Let’s say the system you purchase costs $20,000. Your 30% tax credit would be worth $6,000 dollars, meaning that the net cost of your system is now only $14,000 dollars. What’s even better is that using Alba Energy’s SMART Solar Finance options, this system would only be $81 per month.
And in addition to the 30% solar tax credit, you may also be eligible for solar rebates from Texas power companies, helping you save even more. The Austin Energy Solar Rebate is worth $2,500 dollars, while CPS Energy’s Solar Rebate Program pays as much as $25,000!
How Do You Apply For The Solar Tax Credit?
File this form 5695 as part of your tax return, and then enter the value of our 30% solar tax credit into line 53 of form 1040. Don’t worry, Alba Energy is here to help if you have any questions!
As always with tax matters, make sure you consult a tax professional or CPA if you have any questions related to your specific situation.
Remember, in order to qualify for the tax credit in 2018, Alba Energy will need to complete your installation by the end of the year, so act fast.
Save Money With Solar Panels In Texas
Alba Energy is proud to be a leading solar installer in Texas, with offices across the state. Alba’s SMART solar financing programs allow you to POWER your home with solar panels, pay LESS on electricity bills, and contribute to a CLEAN energy future! Contact Us to find out how much you could be saving with solar.