GET TAX CREDITS FOR SOLAR
A Win-Win For The Whole Community
Solar growth has not been just the results of tax credits, though. The declining cost of solar technology has played a significant role, with a 70% drop in the last 10 years (and a 50% decrease in Virginia in the last 5 years). Yet as these cost declines begin to level off, and the value of solar tax credits decreasing, leaders in the public and private sector are quickly realizing that now is the best time to embrace solar.
Tax credits play an important role in ensuring a fast return on investment for businesses considering solar, and helps draw private sector investment to public sector projects – a win-win for the entire community. The good news is that there has never been a better moment for solar’s expansion, with tax credits still a valuable resource, a leveling out of the cost of solar technology, and a mature U.S. solar industry that has providers with the experience needed to deliver on projects in every community.