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Federal & State Tax Incentives
Installing solar panels can significantly increase your property’s value, according to a new study from the Lawrence Berkeley National Lab (LBL).
Will Solar pay off? https://www.investopedia.com/articles/mortgages-real-estate/10/solar-power-home.asp
What about hail? Here in the Midwest that is a legitimate question.. . .https://www.energy.gov/eere/articles/hail-no-national-labs-solar-panels-survive-severe-storm
FEDERAL TAX INCENTIVES
30% for systems placed in service by 12/31/2019
26% for systems placed in service after 12/31/2019 and before 12/31/2022
22% for systems placed in service during 2023
The tax credit expires starting in 2024 unless Congress renews it.
The home served by the system does not have to be the taxpayer’s principal residence.
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