Help save the Solar Tax Credit

We know that solar is important to you. Right now, Congress is considering a budget bill that would eliminate the existing Solar Tax Credit that has enabled just about every one of our customers to afford to design and install solar in their home, at their farm, for their small business and their commercial enterprises. 

Today we ask that you take a moment to ACT to keep this solar tax credit in place. Your voice can help those who want to go solar, add to their solar generation system or invest in some form of renewable energy. Please tell your elected federal representative how the Solar Tax Credit has helped YOU or your business, and urge them to keep this tax credit in place for the future.

Solar is now one of the largest contributors of new power to America’s energy supply. We know it works, and it benefits everyone — from individual homeowners to big manufacturers. The Solar Tax Credit is one of the main tools our company uses to make solar an accessible option for just about anyone. Please help us keep that tool in place.

Attached are sample letters you can customize for your federal representative. Or feel free to write one of your own. Any voice in support of the Solar Tax Credit helps! Thank you for your business in the past, and for your support for future sustainability.


Regards,

Your mtvSolar Team

Going solar just got a boost with new federal credits & incentives

mtvSolar is excited to learn of new levels of federal support for clean energy projects, adding another layer of incentives for residential and commercial customers to install solar as their power source. These investments in growing the clean energy economy will have special impact around rural coal communities and on sustainable energy projects in low-income communities. Details of these programs were released just last week by the U.S. Treasury, the U.S. Department of Energy and the IRS.

mtvSolar has a long track record of building out solar in underserved communities, and working with partners to boost solar in low-income areas.

Danny Chiotos, mtvSolar Director of Product Delivery, said the U.S. government’s new funds for clean energy create “stacked incentives” to offset the costs of solar panels, battery systems, smart electric panels and related electrical work.

Commercial solar projects have access to the widest variety of federal credits, said Danny. Businesses can receive the standard 30% federal tax credit for solar energy project costs, can apply for the USDA and Rural Energy for America Program (REAP) Energy Systems & Energy Efficiency Improvement Guaranteed Loans & Grants to possibly cover up to 40% of the cost of commercial projects, plus the new location-based incentives that can add 10% additional credits for projects in coal-affected communities, and in low-income communities.

“When you start adding those together, we can be talking about covering nearly all of the costs of a commercial solar energy installation,” said Danny.

Residential solar projects can still receive the 30% federal tax credit for new systems, plus applicable depreciation on a homeowner’s taxes each year. Other credits may be available from individual state tax departments for energy efficiency work, using American-made clean energy components and more.

Customers are encouraged to consult their tax advisors as they work with our PV Consultants to make the most of these new federal incentives to power a business, farm or home with solar.

And it’s worth remembering that all tax credits and financial incentives are added to our customers’ main savings – free electricity generated by their solar panels harnessing the power of the sun.