The Countdown to Higher Solar Costs: ITC 30% Reductions Has Already Begun

The clock is ticking, and every moment of hesitation could cost you thousands. With a second Trump presidency and GOP control of both the Senate and the House, significant changes are expected that could jeopardize the solar industry, including the valuable Solar ITC.

Still thinking about it? The U.S. government isn’t. Delay now, and you’ll miss out on crucial savings. Act fast before costs rise.

Now is the time to act. The window to lock in today’s low costs and the 30% Solar ITC is rapidly closing. Delaying your decision could mean missing out on substantial savings. Homeowners in the Dallas-Fort Worth area could lose over $10,000, while small commercial properties could see a loss of more than $50,000 if they wait too long to take advantage of the Solar ITC.

The Risk of Waiting: ITC 30% at Stake

The Federal Investment Tax Credit (ITC), which currently offers a 30% tax credit on solar system costs, is facing severe cuts under the new political landscape. The GOP’s policy changes could significantly reduce or even eliminate this crucial financial incentive much sooner than expected. This means every day you delay could cost you more.

In the DFW area, waiting could result in an additional $10,000 out-of-pocket expense for homeowners. Small businesses could face even more devastating losses, with potential costs climbing above $50,000. What’s worse is that the price of solar components and installation will undoubtedly rise with new tariffs and policy changes, making now the most cost-effective time to act.

The Consequences of Inaction: Losing the ITC 30%

The longer you wait, the more you risk paying higher prices for solar energy. With future tax incentives like the ITC 30% uncertain, and costs rising due to tariffs on solar components, the window to secure substantial savings is closing fast. You are running out of time to take advantage of the current 30% ITC and avoid significant cost increases.

The sun will continue to rise, and your solar panels will generate clean energy. But the cost of capturing that energy is about to increase drastically. Don’t wait until it’s too late to make the smart financial decision for your home or business.

Take Action Now: Secure Your 30% ITC Before It’s Gone

If you’ve been considering solar, now is the time to act. Delaying will only cost you more. Lock in your 30% ITC savings and ensure your home or business is ready for the future by moving forward with your solar project today.

Solar ITC Policies Under the Spotlight

Solar ITC, a critical component of clean energy, faces uncertainty under the new administration. While Donald Trump has expressed public criticism of renewable energy in the past, his record isn’t entirely negative for solar. Notably, Trump extended the Federal Investment Tax Credit (ITC) for solar installations during his first term as part of a tax extenders package in 2020.

The ITC, a cornerstone of the solar industry, currently offers homeowners a 30% tax credit on eligible solar installation costs. However, with the GOP aiming to revise parts of the Inflation Reduction Act (IRA), this tax credit may see early phase-downs or new limitations.

Solar: A Bipartisan Opportunity

While often viewed as a partisan issue, solar ITC aligns with conservative values such as self-sufficiency, market competition, and domestic sourcing. In fact, some Republican-led states, like Florida, have enacted policies supportive of solar ITC, illustrating its bipartisan appeal.

Impacts of Tariffs on Solar ITC and Costs

Under Trump’s leadership, tariffs are likely to play a significant role, potentially increasing the cost of solar installations. Despite efforts to reshore solar manufacturing under the IRA, many sub-components are still imported, and new tariffs could make these components more expensive. For homeowners considering solar, this makes the current cost of installation—already at an all-time low—an attractive incentive to act sooner rather than later.

 

Should You Go Solar Today?

We are now in “stoppage time,” with less than two months remaining until the president reaches the White House. We no longer have any time to waste. If you’re considering installing solar, now is an ideal time to make the switch. The ITC remains available, and the cost of solar panels and installations has never been lower. Future changes to tax credits, tariffs, and policy uncertainties could make solar more expensive in the coming years.

To maximize your investment:

• Work with local contractors experienced in solar who can navigate potential policy shifts.
• Choose high-quality components from manufacturers with a strong track record.
• Avoid proposals reliant on components from Chinese-owned companies due to potential warranty challenges.

The Future of Solar ITC

While no one can predict exactly how solar ITC policies will evolve under a second Trump administration, one certainty remains: the sun will rise tomorrow, providing clean, free energy for your rooftop solar panels.

Read the full story on What Does a Second Trump Presidency Mean For Rooftop Solar    (By John Doe | November 22, 2024)

 

DrBuild: The Right Solution for a True Transition with Peace of Mind

At DrBuild, we don’t just sell solar panels; we provide you with the right solution to ensure a true energy transition. Our solutions are designed to meet your specific goals with the best American-made panels and the latest technology, no more string inverters with low performance.

We respect your right to get the best solution for your home or business. Forget about the constant nagging of high electric bills; with DrBuild, you’ll have peace of mind, knowing you’ve made the right choice for your energy needs.

Trust us to deliver more than just a product, but a sustainable energy future that works for you.