Solar panels can lower your electric bill, but certain promises are too good to be true. Here’s how to tell. Summary: “The federal solar tax credit is going away soon.” The 30% federal tax credit is valid thru 2032. “There’s a special program ending soon.” THERE ARE NO SPECIAL PROGRAMS. “Your utility is going to […]


Solar panels can lower your electric bill, but certain promises are too good to be true. Here’s how to tell.

Summary:

“The federal solar tax credit is going away soon.” The 30% federal tax credit is valid thru 2032.

“There’s a special program ending soon.” THERE ARE NO SPECIAL PROGRAMS.

“Your utility is going to raise electricity prices XX% each year.” This is more true in California. PG&E rates have risen drastically. But across the US, many municipality utility rates are steady.

“Put solar on your roof for free!” This almost certainly doesn’t mean free but rather, no money down. You’ll still have a monthly payment after that.

 

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