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Renewables
Kinsey Grant Baker
Kinsey Grant Baker
Energy Central Team
 · Posted in Renewables

NEWS: Average residential solar project $9,000 more without tax credit, said EnergySage

Residential solar systems could cost $9,000 more if the solar investment tax credit is cut, according to new research from EnergySage. (pv magazine USA)

  • Good to know: The tax credit was designed to be available until the mid-2030s. If it’s sunset early, payback periods would increase by 2–8 years—about 43% longer on average—depending on the state. 

  • Saving money is the biggest driver of residential solar adoption. So? Cutting the credit would also weaken residential solar’s ROI and potentially impact deployment.

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