As the threat of climate change looms, there is more and more pressure on government agencies to modernize the energy sector, and with your advocacy, we’ll be one step closer to making that happen together.
While the price of solar appears to be in a sweet spot, it is still possible that the incoming state and federal administrations will choose to increase solar incentives like the federal investment tax credit (ITC) in the near future. Recently in 2019, along with the passing of the second stimulus package, the 2021 Federal [solar] ITC which had been scheduled to decrease to 22% this year, was instead scheduled to remain at 26% through 2022.
So, theoretically you could wait until later in the year, or next year, once new legislation is released addressing this exact question to see if you should go solar now; or, you could even take that question a step further: call your representatives, and urge them to consider increasing the Federal Investment Tax Credit (and other local solar incentives) today!
Please reach out to us with any questions you may have about this process – or about the solar process in general – we’d love to help!
If you’re in Texas, here are some links to your local and state representative pages:
John Cornyn contact information: https://www.cornyn.senate.gov/contact
Ted Cruz contact information: https://www.cruz.senate.gov/?p=general&id=23
House representatives: https://house.texas.gov/members/
Senate directory: https://senate.texas.gov/members.php
Thank you for your advocacy, for your civic service, and for your dedication to mitigating climate change.
For more information about the current Federal ITC, please check out the official guide on energy.gov, here: https://www.energy.gov/sites/prod/files/2020/01/f70/Guide%20to%20the%20Federal%20Investment%20Tax%20Credit%20for%20Commercial%20Solar%20PV.pdf.