At the end of 2019 the Federal Solar Energy Tax Credit of 30% will be reduced to 26%.
That means you could see the net cost of your new solar energy system increase by 4%.
So a $30,000 solar energy system purchased this year would only cost $21,000 after taxes.
But next year the same system would cost $22,200. That’s a $1,200 increase just because of tax policy.
If you are considering solar panels for your home or business, you should definitely get that system installed this year. And don’t wait until the last minute in the fall. There could be supply and labor issues as everyone else is also trying to get that savings in this year.