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While West Virginia can’t compete with solar hotspots like Arizona, California, or Hawaii, that doesn’t mean that the state is immune to the solar power trend sweeping the country. In fact, West Virginia was described by the Washington Post as one of the best places to invest in solar power due to the overall benefits to the community.
With a solar power system installed in your home or business in West Virginia, you could easily save around $40 or more every month. Over time those savings can add up to $10,000 over 20 years, essentially guaranteeing a solid return on your investment over time. As the cost of solar panel WV has dropped substantially since 2010, now is an exciting time for West Virginia to get in on the solar action.
West Virginia benefits from a few types of renewable energy incentives. There are a number of utility rebate programs available to residential and non-residential energy systems, if you possess solar panels Charleston, WV for example. AEP Appalachian Power offers rebates on various energy efficient technologies such as appliances, HVAC units, air purifiers, heat pumps, lighting and more, and FirstEnergy provides lighting incentives amounting to $0.05/kWh for the first year.
The United States has implemented large scale federal tax incentives to promote growth in the country’s renewable energy sector. The 2005 Energy Policy Act allows for a 30% investment tax credit (or ITC) on all installations and costs of use of solar technologies such as solar heating and cooling, photovoltaic, or solar concentration systems. As of 2008 this valuable tax credit has been extended through 2016 so any system you install will provide real savings for years to come.
In order to file for the 30% tax credit, all you need to do is submit an extra form along with your yearly tax return (IRS form 5695). Any credit you have beyond what you owe carries over to next year’s income tax return so you are promised the highest return on investment possible, if you own solar panels WV. View the West Virginia state tax credit form.
For the best in solar power solutions, you can count on 123SolarPower for high-tech, industry-leading energy systems at a fraction of the cost of our competitors. Supported by a team of industry leading professionals and solar panel installers WV, we custom tailor budget conscious energy solutions to meet your needs. We can help you learn about the latest solar power technologies as well as financial incentives in your area. Although West Virginia is well known for producing electricity from coal, together we can begin offsetting that production with solar panels West Virginia generated electricity. Fill out the online form for a solar expert in your area to give you a solar panel installation quote West Virginia or call us at 800-294-2397 for a conversation about how we can save you serious cash on your solar power system and installation.
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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.