Innovation and tax credits have made solar an option for more people than ever. With federal and NYS tax credits offering a combined $20,000 in savings, and the additional $1,200 you’ll save per year on energy-efficient home improvements, you can save thousands of dollars on home renovations. Not to mention the continued money you’ll save with reduced electricity bills.
If you’ve been thinking of upgrading to a new roof and you’re considering making the change to solar panels, sky lights, or other energy-efficient home improvements, now is best time to take advantage of the credits that are available to you. Here are some quick facts and benefits of making the switch to energy-efficient upgrades:
- A solar roof is now close to the price of an asphalt roof after tax credits
- According to Green Lancer, a new solar roof can also save you at least $1,500 per year in energy costs
- You will have consistent energy creation as the cost of traditional energy rates continue to go up 13-20% this year.
- House values increase with solar panels.
- The warranty will last for decades.
Along with the tax rebates, the Inflation Reduction Act can help you save in many other ways and includes the installation of energy-efficient windows, exterior doors, and insulation. It also includes appliances such as water heaters, heat pumps, furnaces, air conditioners, and boilers. This will go into effect starting January 1, 2023 and will extend through December 31, 2032.
If you have any questions about how these upgrades can benefit your home and your energy bills, contact us anytime. We’re happy to answer any questions you have, provide a free estimate, and talk more in detail about the best options for your home.
Graves Brothers Home Improvement services the Rochester, Buffalo, Albany, and Syracuse areas. Contact us by calling the phone numbers below or sending us an email through our secure contact page.