Regardless of whether you’re looking at lowering your monthly energy bill or interested in reducing your carbon emissions, Lexar Homes solar panels will generate big savings for our homeowners. Solar panels help reduce monthly utility bills and will typically increase the home’s value.
How much you save depends on the utility rates and the number of solar panels installed on your home. Lexar Homes offers an extensive line of solar power programs. Our sales associates are eager to visit with you to determine which option is best for you.
There are some big advantages to solar energy.
First, you save money on your rising utility bills
With solar panels, you have a built-in energy system that produces your own power. Not only are you saving money on your monthly utility bills, but you also receive a federal solar tax credit (known as the ITC) for two years after building your home. At the end of each year, this tax credit will be sent to you directly and will total 26% of your system’s cost in 2021/2022 and 22% in 2023. Congress established this tax credit as a dollar-for-dollar reduction of your income tax. If you can’t use the full value in one year, you can rollover the remainder to the next year. You should check with a tax adviser to make sure you can claim the entire value.
Second, you are helping the environment
Solar power is a clean and renewable energy source. Harvesting the sun’s rays to produce power doesn’t create any pollution and reduces your impact on the environment.
Last, but not least, you gain independence
Having a solar system is like having your very own power plant on the roof of your home. While you typically can’t disconnect completely from the grid, you’re able to generate your own power every time the sun comes up. Giving you some independence from local utility companies.