Residential Solar Installation
Most solar panel systems typically last about 25 to 30 years!
Solar panel systems allow energy to be stored and extracted for later use once the sun has gone down. Before considering a solar system, you need to examine how much space you have available for installing a solar system and the amount of electricity you utilize per year. There are other critical circumstances to know how you can benefit the most from your solar system including:
- Sunlight exposure
- Solar system expenses
- Electricity bill
- Energy use
People are considering installing solar panels because this year (2020) homeowners are able to become eligible for the 26% federal solar investment tax credit (ITC). The ITC will reduce to 22% at the end of the year and to 0% at the end of 2021. On June 22, 2018, the IRS issued information (Notice 2018-59) explaining the requirements needed to be met by the taxpayer to be qualified for claiming the ITC.
For the commercial projects, if the construction has been approved before December 31, 2021, there is a chance to qualify for 22%, 26%, or even 30% of ITC. The US solar industry has grown abundantly, since federal solar tax credit was introduced it has created several job opportunities and billions of dollars are invested into our economy.
If we go back a decade ago, a standard 6-kW hour solar system could be as expensive as $50,000. Today, the prices have drastically dropped an average of 62% annual decrease making home installation range from $16,200 to $21,400.
Solar Energy Benefits
The electrical companies have now adapted to the new technology of allowing a back flow of power into the main grid. In return, this allows a homeowner with a solar system to potentially collect a check from their local power company every month.
Why Choose REIT Group Roofing and Restoration
- Reit Group Roofing & Restoration is an experienced, commercial, and residential solar energy contractor specializing in the design, procurement, and construction of rooftop, carport, and ground-mounted renewable energy solutions for clients in high-wind and hurricane zone areas like Texas.
- From initial project planning and construction to ongoing operations and maintenance, we can deliver a comprehensive solar energy solution that will guarantee your satisfaction from start to finish.