Now is a great time to invest in a photovoltaic (PV) system. Why? The price of solar modules is at an all time low---modules cost a quarter of what they cost 5 years ago. Also, generous tax credits are available including $1000 in state income tax credits and 30% of the remaining system cost in federal income tax credits. But hurry, the federal tax credit is soon to be phased out by the following schedule: 26% in 2020, 22% in 2021, 10% in 2022, 0% in 2023.
With low interest rates available on savings, an unstable and risky stock market, and energy costs going up, a PV system is an attractive investment. Make your own solar electricity, add value to your home, protect yourself from utility rate hikes- and receive tax credits to do it!
Costs for a residential PV system start at $15,000 for a 7.0 kilowatt system but with tax credits your out of pocket cost is as little as $10,000! Short on cash? There are low interest loans available from the Montana Department of Environmental Quality for installing PV systems.
Are you a business owner? There is up to 70% savings available in Northwestern Energy, USDA, and City of Bozeman grants, federal tax credits, and depreciation tax savings! Contact us for more information.
A photovoltaic system can benefit your business in many ways:
“I was entirely satisfied working with Thirsty lake Solar. Jeff was very helpful in explaining the various aspects of the solar grid tie system so that I could make an informed decision. The work was done well and Jeff was available whenever I had a question. I can certainly recommend Thirsty Lake Solar to anyone in the region who is interested in making their home or business solar.” –Rita Collins, Eureka