123SolarPower is North America’s largest network of solar power solutions and energy efficiency experts. With hundreds of locations in the U.S. and Canada, we’re able to connect homeowners and businesses with the best renewable energy solutions. The 123SolarPower team can help guide you through local solar energy solutions, solar panels for sale Iowa, solar panel installation Iowa, and home energy evaluations. We’re committed to helping you save money and the environment.
Between 2011 and 2012, Iowa’s grid-connected photovoltaic capacity increased by 1,100%. Several large companies have made significant investments in solar panels Iowa. At the end of 2011, MidAmerican Energy Holdings purchased the Topaz Solar Farm. When completed, this 550 MW solar farm is likely to be one of the world’s largest. In June of 2012, Sky Factory became Iowa’s first company to generate 100% of their electricity from solar.
Iowa offers a solar energy systems tax credit. This personal tax credit can cover 18% of the cost of installing residential solar panels Iowa. The credit is worth a maximum of $5,000 for residential installations and $20,000 for commercial installations. With an annual budget of $4.5 million, this program started in 2012 and will expire at the end of 2016.
The state of Iowa also offers a property tax exemption. Although installing a solar power system can increase your home’s value by thousands of dollars, this exemption means you won’t have to pay additional property taxes for the increased value of solar panels Iowa. This exemption remains valid up to five years after your solar panel installation Iowa.
In addition to the personal tax credit and property tax exemption, solar power system purchases are 100% exempt from sales tax. Iowa residents can also take advantage of net metering for up to 500 kW. Iowa’s net metering policy is actually one of the best in the U.S. and allows homeowners who use solar panels to make money from the solar electricity they produce.
The federal government introduced the Energy Policy Act in 2005. Because renewable energy has continued to gain momentum since 2005, this act currently provides a very attractive tax credit. The credit covers up to 30% of the costs associated with using renewable energy. Not only is the credit provided by this act significant, but also easy to claim. All you have to do is file Form 5695 with your tax return. Since this credit can be worth more than the taxes they are meant to credit, any excess will be automatically rolled over to be used against federal taxes the the following year.
Because the state and federal incentives that are currently available may not last forever, now is the best time to buy solar panels Iowa. Many of these incentives are given out on a first come first serve basis, so don’t hesitate to call. Our Iowa based solar experts are standing by to help you navigate the various incentives and start saving today.
123SolarPower is your source for Iowa solar energy solutions. We can connect you with providers of the best equipment in the industry. Choosing to install solar panels will give you multiple benefits. To get a free estimate of installation costs, as well as learn more about what savings are available, please fill out the above form now. You can also speak directly with a 123SolarPower expert by calling us at: 800-294-2397.
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When making any modifications to the home, questions always arise. In order to discern whether adding solar panels is a good idea for a given home, having answers to the most frequently asked questions can help. These answers can not only help a homeowner decide whether or not to install solar panels on their home, but they may also help to alleviate some fears and/or concerns that homeowners have about solar power.
Will solar panels benefit my home if I do not have constant access to the sun?
It is a myth that only sunny places like California and Hawaii can benefit from the installation of solar panels. While solar panels do generate more power in areas that have more access to the sun, there are solar panels that are capable of capitalizing on diffused solar rays. These are the kind of solar rays that fall on overcast days.
What incentives are available to me?
There are many incentives in place to help convince homeowners to install solar panels. For example there are tax credits at both the state and federal levels. While the tax credit value varies by state, to the credit ranges to upwards of 25% on installation up to $1,000. Furthermore, most solar power devices are sales tax exempt. The federal tax credit is 30% on installation with no limit. For more information about tax incentives in your state, call 800-294-2397 to speak with a solar consultant.
What is the difference between on the grid and off the grid?
On the grid refers to one still being attached to the electric grid and essentially creates a solar/electric hybrid system. Off the grid refers to relying solely on solar power as the home is completely disconnected from any electric grid.
While solar panels may be expensive to install, the long-term savings (both personally and as a member of society) really outweigh the upfront costs. Moreover, the tax breaks available (through 2016) can also help to recoup some of the costs.
Adding solar panels to your home can benefit you in many ways—including tax credits and a decrease in your electric bill. For more information, please complete the online form or call 800-294-2397.