Did you know Whidbey Island gets half the rain of Seattle and about 30 additional days of sun? The island is one of the sunniest Washington areas west of the Cascades! Because of this extra boost of sunshine, we have a secret superpower. Or should I say Solar Power?
Residents all over Whidbey have been tapping into this natural resource and benefiting big. Granted, preserving our environment by investing in sustainable energy is already a great benefit to us and generations to come, but solar power has a lot more to offer consumers than the feel-good fuzzies from giving back.
Here’s 4 benefits/incentives to going solar:
Net Metering is a program set up to allow residential and commercial customers for energy services to store up credit with the company when they generate excess energy during the summer months from their solar panels. During the winter months, when the sun is less likely to come out and play, that credit can be applied to their account!
30% Federal Tax Credit (2019)
Individuals who purchase and install solar panels to their home or business by the end of 2019 are eligible for a 30% federal tax credit when filing. This amount will reduce to 26% in 2020 and 22% in 2021. – Don’t let the sun go down on this great opportunity!!
Sales Tax Exemptions
Purchasers of solar panels are also eligible for sales tax exemptions! This can save some customers 8.7% of the upfront install cost. That’s a total of 38.7% in tax savings!
Increased Property Value
Finally, installing solar panels increases the value of your home. Homes that are energy efficient save owners hundreds if not thousand throughout the year and can greatly increase the value of your home when you go to resell.
To learn more about Solar Power you can visit Greenbank Farm’s Solar Fields where they dedicate one acre to solar panels and have helpful information for visitors to read!
Ready to take the leap? Contact Whidbey Sun and Wind! They are Whidbey Island’s experts on renewable energy and will have everything you need to make your home a little greener. They will provide a cost savings timeline which will demonstrate how many years it will take to profit from the up-front expense of installing solar power.
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