Save on Summer Cooling with Home Solar

A solar panel system harnesses the summertime power of the sun and puts it to work to save you money on your energy bills (among many other benefits) when you need it the most, and this effect increases exponentially when a heat pump HVAC is connected to your home solar system.

Congress Extends 26% Federal Solar Tax Credit

Good news for going solar in 2021- an extension of renewable energy tax credits has been included as part of the Federal Stimulus Package recently passed by Congress. If you’re considering going solar, this Federal Investment Tax Credit (ITC) is one of the most important incentives to understand.

Originally scheduled to step down to 22% at the end of 2020, the ITC has been extended at 26% for another 2 years.  For 2021 and 2022 you can receive a federal tax credit of 26%, and 22% in 2023 (expiring Jan 1, 2024).  A tax credit reduces, dollar for dollar, any income tax you might owe in a fiscal year.  If you don’t pay enough to recover it all in one year, it carries over into the next year – there’s no cap on the amount that you can claim. Even better - this applies to residential and commercial solar installations.  

Click to learn more about Washington State solar incentives and programs for 2021. To learn about zero-down solar and energy efficiency loans, go to Puget Sound Cooperative Credit Union.

How Solar Shields You From Rising Utility Costs

Energy Prices Increasing Every Year Energy price hikes can happen at any time, and virtually without notice. Throughout the past decade, energy prices have risen at an average rate of 4% each year. By switching to solar, you have the opportunity to completely eliminate or significantly reduce your electricity bill.