Costs of Going Solar
The cost of solar panels has dropped dramatically over the past ten years. With solar cost at an all-time low1, there has never been a better time to shop for a home solar system. The cost of a home solar system is affected by multiple factors. A few determining factors of solar cost are location, roof square footage, energy usage, and the amount of sunlight your roof receives thought the day. There are also state and federal incentives and tax breaks that can reduce the cost of solar even more.
See below to learn more about the cost of a home solar system.
1. EIA Sales and Revenue (1990- Current)
2. You may be eligible for a federal tax credit with the purchase of a solar system. To qualify for the tax credit, you must have federal income tax liability at least equal to the value of the tax credit. Additional tax credits may also be available for homeowners in certain states. Tax incentives are subject to change or termination by executive, legislative or regulatory action. Sunnova makes no guarantees regarding eligibility of any of the system’s costs for tax benefits. Sunnova does not provide tax advice. Contact your personal tax advisor for eligibility requirements.