Best Choice Contracting llc encourages you to check out the advantages of using solar power in your home or business. With utility bills steadily increasing, it only makes sense to find alternative that offer affordable solutions for our energy bills.
Solar power can takes many forms. It utilizes energy found on the earth through your basic elements (sun, wind, water, fire). Each of these elements can offer great benefits, some similar and some unique. The answer to solar power is often not found through just one, but a combination of all
Each single use of solar energy creates a useful money saving resource for your home or business. The more ways you can incorporate solar power, the more ways you can save money and the earth.
Let's face it, utility prices are not going to get cheaper. Are bills are not going to get smaller and the earth is not going to get cleaner unless we decide to take action and do something about it.
The following article is about the new proposed tax incentives to be added to the tax incentives that we already have (if you know about them).Proposed rebate bill sweetens the deal for solar homeowners
Right now, the federal government will pay for up to 30 percent of up-front costs for your solar installation in the form of tax credits. However, Senator Bernie Sanders (I-VT) and Representative Steve Cohn (D-TN) want to raise that total to 50 percent through a bill they have proposed.
Modeled after California’s Million Solar Roofs initiative, the “10 Million Solar Roofs and 10 Million Gallons of Solar Water-Heating Act” aims to add 10 million new solar arrays and 200,000 new solar water heating systems to the national energy mix.
In terms of photovoltaic capacity, the ultimate goal is to install some 30,000 megawatts of solar power. That ambitious goal is double that of similar initiatives that have recently come out of China and India. Such rapid advancement would create thousands of domestic jobs in manufacturing and system installation, an effect not lost on the bill’s authors.
Incentive rates for solar power systems would start at $1.75 per watt and slowly decline over time, ending at 50 cents in 2018 and 2019. Rebates under the bill would be added to existing federal rebates, although total payments cannot exceed 50 percent of project costs. However, add this potential federal funding to incentives existing in several states, and the cost of home solar power systems gets even more affordable. In some states, homeowners can already cut those costs in half, and a bill like this could lead to savings of up to 75 percent.
Photo Credit: Credit Repair News
Contact Best Choice Contracting llc of greater St. Louis for more information on how Solar Power can help you earn tax credits and save money in your home or business. Take advantage of the government saving while they are around!