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3 New Programs That Make Solar A No-Brainer
The 30% federal tax credit, also known as Investment Tax Credit (ITC) allows you to deduct 26% of the total cost of your solar system from your federal taxes. This is a dollar-for-dollar credit on your taxes, which is way more beneficial than a deduction. This saves customers an average of over $9,000 when going solar.
Great news for homeowners who want to sell their property! Installing solar on your home can increase your property value because of all the benefits. But, what about the impact of higher home value on your property taxes? Virginia has a law that allows localities to exempt or partially exempt solar from the property taxes homeowners pay. Note: not all localities allow this exemption – currently, only 30 do.
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