Residential buyers looking to save money on their utility bills while utilizing clean energy to reduce their environmental impact can take advantage of some significant incentives.  Not only have solar prices come down substantially in recent years, but Federal and State incentives bring solar costs in direct competition with utility rates.  Although with solar you are paying a larger amount up-front, after you have paid for the system (generally a 7-10 year payback), you then receive power at no cost for the life of the array, which today is 30 years or more.  With electricity rates on the rise, this is a great way to "lock in" your rates and take advantage of today's strong incentives.

Federal Incentive - Today's Federal incentive for residential installs is a 30% tax credit, which can be utilized when you pay your taxes annually. 

Georgia State Incentive - Today's Georgia incentive is in the form of a 35% tax credit, which must be reserved immediately after project completion, and is utilized in either 2010, 2011, or 2012, depending on availability.  There is a limit to this incentive of $10,500 for each solar installation on a Residential basis, and there is a state cap of $2.5 million per year.

Both of these tax credits are usable for more than 1 year if you cannot take advantage of the entire amount during 1 tax season.

Together, these incentives can reduce up to 65% of the project costs.  Call us today to find out more!