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Solar roofing shingles may qualify for significant federal tax incentives through programs like the Residential Clean Energy Credit, which offers up to 30% of installation costs through 2032. State and local governments often provide additional credits, and utility companies may offer further rebates or net metering programs, depending on the state. Just look into the qualification requirements beforehand because installation, documentation, and technical standards can impact eligibility. Consult the current guidelines and a tax professional to maximize available benefits.

In most cases, solar panels are covered by homeowners insurance. However, you’ll need to read the fine print of your particular home insurance policy to ensure you’ll receive coverage for various incidents that could take place. For example, some policies only cover hail damage. Check with your provider to make sure your policy has adequate coverage.

Correctly installed solar panels will increase the value of your home by around 4%. With the median home sale set at $429,000, this means an increase of approximately $17,000. Many home buyers want to switch to solar, making homes that have this feature tempting and worth the investment compared to homes that are only tied to the grid. Other solar features, like a shed with solar panels, will also boost your home’s value.

Yes, going solar really saves money. In fact, according to some calculations, the average homeowner who switches from electric to solar power will save almost $2,000 a year on energy costs. While buying solar panels and switching to solar can be costly up front, the savings add up over time. If you can sell back extra energy or take advantage of tax incentives, your savings can be even higher.