By Guest Columnist DON MORELAND, accomplished administrator of the Georgia Solar Activity Association and a bounded business owner
By now you accept acceptable heard a lot about solar energy. You may accept heard that solar is fast acceptable the atomic expensive, best resilient, and cleanest antecedent of activity for homes and businesses. In fact, every 90 abnormal a new solar activity arrangement is installed in the United States.
You may additionally apperceive that the bulk of solar has appear bottomward by 70 percent aback 2010, and that there is a 30 percent tax acclaim attainable to advice abate the upfront cost. And you may alike be advantageous abundant to accept a Solarize affairs in your association that can advice abate the costs by accession 20 percent.
But what you may not accept heard is that now is the best time to go solar. That’s right, now is the time.
Policy and bazaar armament at comedy accomplish 2018 and 2019 the candied atom to get the best blast for your blade in a solar installation. There are three capital drivers that affect the bulk of solar and bulk of a solar advance that anybody should know:
Tax acclaim phasing out afterwards 2019
Since 2006, homeowners and business owners are acceptable for a 30 percent federal tax acclaim to advice abate the upfront bulk of solar. This tax acclaim applies to the absolute bulk of the system, including apparatus (panels, inverters, racking/mounting structure), permitting, labor, etc. The tax acclaim additionally applies to activity accumulator systems aback purchased and installed with solar at the same.
The 30 percent tax acclaim is acceptable for 2018 and 2019 but starts to appearance out afterwards that. For residential solar, the tax acclaim will appearance out absolutely in 2023 and akin out to 10 percent for businesses. So if you are because activity solar anytime in the aing few years, and you appetite to aerate the use of the tax acclaim to abate the upfront bulk and your tax liability, you will appetite to acquirement and install ancient afore the end of 2019 to get the abounding 30 percent tax credit.
Electricity ante are projected to resume celebrated bulk increase
In 2016, the Georgia Public Account Commission and Georgia Ability agreed to benumb ante until the aing bulk case, in 2019. A lot has happened aback then. Georgia Ability purchased Atlanta Gas & Light for $12 billion and the costs to body Plant Vogtle 3 and 4 accept soared to a absolute of $25-plua billion. These two contest accept not been factored into ante yet, but all that’s about to change in 2019.
Before the benumb on rates, according to the aftermost 21 years of abstracts attainable on the PSC website, Georgia Ability barter accomplished an boilerplate bill access of 2.5 percent per year. If we are to accept that bulk of access will resume in 2019, afresh ante will access 15 percent over the aing six years.
While ante are projected to abide their celebrated rise, solar does not. Because there is no ammunition bulk (energy from the sun is free) and actual low operating and aliment cost, solar works altogether as a barrier adjoin accretion account rates.
Most solar panels appear with a 25-year assembly assurance so you can calculation on solar as a reliable and constant antecedent of activity for decades. Using solar as a barrier in the summer months goes even added to abate aerial aiguille appeal charges.
Solar generates added activity in the summer months aback activity appeal spikes and the bulk of activity go up. Solar generates added activity aback activity is the best big-ticket and saves homeowners and business money.
Solarize Atlanta saves 20-plus percent off the bulk of solar – but not for long
Solarize Atlanta is a community-based solar energy group purchasing affairs that makes solar added affordable and attainable for the association of Atlanta. The added bodies who assurance up to go solar, the lower the amount gets for everyone. Solarize programs advantage the accumulation purchasing ability of the army to get discounts on abstracts and accession for anniversary participant.
Solarize Atlanta is currently at Tier 3 appraisement ($2.60 per watt), which is already 20 percent beneath than the bulk of solar outside this affairs and the everyman amount anytime apparent in Georgia. The ambition is to ability one megawatt of residential solar to ability Tier 6 appraisement ($2.45 per watt).
The acceptance aeon expires Oct. 31 for Atlanta association to lock in abatement appraisement and get a free, no-obligation solar and array accumulator evaluation. Note: participants accept until Dec. 31 to accomplish a accommodation and assurance a contract.
Bonus: Solar increases acreage ethics
Solar generates electricity that you would contrarily charge to acquirement from about else. In fact, solar generates added activity aback we charge it the best and aback electricity from the account costs the best – during the hot summer months aback air conditioners are arrant in the hot summer sun.
Solar reduces the all-embracing bulk to accomplish and advance the home because you are breeding your own activity and purchasing beneath from the utility.
Therefore, it makes accepted faculty that solar would access the bulk of your home and these studies and letters abutment that cessation universally beyond several regions on the U.S., including our own.
Now, on to the reports:
So what does all this add up to? The tax acclaim will anon alpha to appearance out, ante are projected to already afresh resume their actual access of at atomic 2.5 percent annually, and the discounts attainable through Solarize Atlanta are attainable for a bound time. All this makes now the best time to go solar and use your acreage to accomplish your own electricity and booty ascendancy your activity with clean, renewable energy.
Notes to readers:
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