Olympia Solar Installers
The state of Washington is providing those of us interested in solar power with some exciting possibilities. If you take advantage of everything being offered to you by both the federal government and the state, you could see your photovoltaic system completely paid for and actually earning you money in a relatively short period of time.
The best way to understand the specific details of all your options and indeed to guarantee your qualification in the programs is to hire the services of one of the local Olympia solar installers. If you are unsure where to start or who to contact, we will be more than happy to provide you with contact details of an installer who has a fine and trusted reputation.
They will advise you on the specific details involved with the Federal Residential Renewable Energy Tax Credit. This is going to give you a tax credit equivalent to 30% of your total solar expenditure. You can use this credit to pay any excess tax you owe the IRS the year your solar panels become "active" and should there be an amount outstanding, you can use this in your next year's taxes.
An Olympia solar installer will also advise you on the statewide Renewable Energy Production Incentive. Utility companies pay owners of photovoltaic systems $0.15 to $0.54 per kWh for the energy they produce. Here is where the program gets really interesting. The flat rate is $0.15/kWh. If the inverter you install is manufactured in Washington, you will have this base rate multiplied by 1.2. If the solar panels are made in Washington, the base rate is multiplied by 2.4. If a Washington company manufactures both the panels and the inverter, you will receive the maximum $0.54/kWh. This incentive was previously capped at $2,000 annually. But thanks to recent amendments the cap has been raised to $5,000 and will continue until 2020.
This is why it really pays to work with one of the local Olympia solar installers. They will use locally produced products that are going to increase your return and earn you money faster. Talk to a local Olympia solar installer today to find out how solar installation could be earning you thousands in a matter of years.