I just got a DIY kit quote for solar and it’s ~$18,000. That would mean a contractor installing is at least $25,000 if not more. That’s a big chunk of change upfront.

  • bakachu@sh.itjust.works
    link
    fedilink
    arrow-up
    4
    ·
    1 year ago

    Outright purchase, finance, or lease are the 3 options for getting solar. Many people prioritize this on their wish list, save up, and eventually can afford to do so. There may also be subsidies, rebates, and tax credits (federal and/or state) that may apply. New York, for example, is eligible for a max federal credit of -$5700 and a state credit of 25% of your system value to your income taxes. So that would shave off a lot.

    • SokathHisEyesOpen@lemmy.ml
      link
      fedilink
      arrow-up
      1
      ·
      1 year ago

      Does that mean you receive that much as a refund on your taxes, or is that much a write-off? Write-offs are worthless if you don’t itemize and have enough write-offs to surpass the standard deduction.