Retirement Readiness, Episode 21: Tax Advantages of Installing Solar Panels on Your Home

Retirement Readiness Podcast by Tim Regan

Episode notes
[Key Timestamps and Topics]
  • [1:36] The push in recent decades to go electric
  • [3:54] What tax incentives are the government offering?
  • [6:50] How do tax credits help you save money?
  • [8:07] Incentives for businesses vs. personal homes
  • [12:01] How to estimate your total potential savings
  • [17:09] How to make a well-informed decision about putting solar panels on your home
[3 Key Takeaways]
  1. Currently, American homeowners can receive up to 30% of a tax credit for the cost of materials and installation related to solar panels.
  2. Tax credits are designed to encourage certain behaviors – but those incentives won’t be available forever.
  3. A tax credit isn’t necessarily enough reason to buy into solar panels. Solar panels often take many years to offset  ... 
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