DC Energy by Alex Sells Solar
Solar loans combined with the 30% federal tax credit (Investment Tax Credit or ITC) can be a cost-effective way to finance and install a solar energy system. Here's a step-by-step overview of how it typically works:
Apply for a Solar Loan: Start by applying for a solar loan from a financial institution or a specialized solar financing company. This loan is specifically tailored for funding solar energy projects.
Solar Installation: Once you secure the loan, use the funds to install a solar panel system on your property. The installation includes setting up solar panels, inverters, and other necessary components to generate solar energy.
Calculate the Federal Tax ...