GET IN TOUCH

(715) 223-0418

info@northwindre.com


578 Allen Street
Amherst, WI 54406

REQUEST A CALL BACK

Menu Call Back Form

Are There Tax Advantages to Solar Power?

May 24, 2023

According to Energy.gov, over 3% of all electricity in the United States is derived from solar power via solar photovoltaics (PV) and concentrating solar-thermal power (CSP). Americans know that solar power benefits the planet and can lower utility bills, but are there tax advantages to solar power? In this article, we'll go over everything you need to know about solar power and its tax advantages.


Federal Solar Tax Credit

This tax credit is one of the biggest tax advantages to solar power. The year you install your solar power, you will qualify for a federal tax credit in the United States. This won't automatically give you a refund for the money you spend on your solar panels. However, it will lower your tax bill, making you pay less taxes. This credit is only applicable the year that you install solar power, and the solar equipment must give electricity to a house in the United States.


State Solar Tax Credits

Many states offer a similar tax credit to homeowners who install a solar system or solar products, such as a solar water heater. However, this number and the percentage of the system that you receive a tax credit for varies depending on the state that you live in. It's important to discuss the tax advantages of solar with an accountant or research the tax laws in your state to determine how much of a credit you'll receive.


Other Solar Incentives

As the government continues to push for more solar power, many states offer incentives to homeowners who install a solar system. Many states offer rebates and renewable energy certificates as further incentives to install solar power. Some states will not include the installation of solar power in the value of your house, ensuring that your property tax does not go up. States may offer solar systems tax-free, meaning you don't have to pay sales tax to reduce the cost.


Solar power offers many benefits, and it also has tax advantages. If you're willing to make the initial investment, you can see great benefits in the long run. When you're ready to leap into solar power, call Northwind Solar today! We are more than happy to answer any questions you have about the tax advantages to solar power.

solar company
November 22, 2024
Discover how the solar market has revolutionized energy usage in recent years and what a reputable solar company can do for you.
solar power
October 7, 2024
Are you curious to learn more about solar farms and how their solar power is beneficial? Check out our blog to learn more information!
solar
September 18, 2024
Solar power is impactful in many different ways, both personally and on a large scale. Here is how solar power benefits the environment as a whole.
electric vehicle charging station
August 12, 2024
In this article, we discuss the three reasons why you should get a residential electric vehicle charging station. Read on to learn more.
solar energy
July 3, 2024
In this informative blog post, we'll explore several fundamental ways in which solar energy has evolved and improved in recent times.
residential solar
May 27, 2024
If you’re considering getting residential solar panels, here are a few things you can expect when switching to solar power.
commercial solar power companies
May 10, 2024
Commercial solar services can do a lot to optimize your operations. Here are some key services you may not know that commercial solar power companies offer.
solar system benefits
March 19, 2024
Changing your energy to solar power can be a big step in switching to green energy. Keep reading to find out more about solar system benefits.
February 21, 2024
Northwind Solar will Transition Forward Note: This communication from Northwind Solar CEO Josh Stolzenburg is a message to our stakeholders, clients, and friends about an exciting new development at Northwind. I’ve been consumed, for nearly two decades now, leading a passion project called Northwind Solar. Originally conceived to provide meaningful work for those who wanted to advance climate and energy solutions, we’ve grown into one of Wisconsin’s most effective and respected solar companies. Thirty committed employees (of whom 16 share ownership) now work out of our Amherst office. The time has come for me to step out of the role of CEO, shift my Northwind work to new priorities, and cultivate next generation leadership. As a company, we have matured over the years and come a long way from the conceptual white boards I scrawled on the walls of a friend’s basement in 2007, My crude “business plan” evolved from educational work (with the Midwest Renewable Energy Association) which fueled my desire to put meaningful green kilowatt hours on the Wisconsin grid to offset fossil fuel use. I engaged a couple of technically proficient business partners in 2008 and we began to offer wind, solar heating, and solar electric to suit the needs of a growing customer base. In the mid-teens we shifted our exclusive focus to solar electric (including battery systems and, now, smart electrification). From the beginning, community involvement was an important corollary to our professional work. My early involvement with the development of the Central Rivers Farmshed and work with the WI Farmer’s Union led to compelling work with and support for local small farms. Until recently, I’ve advised Mid-State Technical College’s renewable energy program since it’s inception in 2008 and we’ve been able to hire graduates of that program consistently since 2010. I’ve served on the Renew WI board of directors since 2019 and helped to create SolarShare WI, a thriving community solar investment cooperative. Part of the Northwind ethos has been distributed management and shared ownership. We formalized that in 2017 when we converted from a partnership to a worker owned cooperative. Employees could buy in, become owners, and share in the financial rewards and governance. In the seven years since there have been challenges, successes, and changes in personnel as we have learned to be a democratic company.
electric vehicle charging stations
January 16, 2024
As electric vehicles become increasingly popular, you may wonder how to integrate electric vehicle charging stations. Read on to learn how we can help.
More Posts
Share by: