How and Why We Do It
Click through the tabs to understand why acting soon is your best option
You can finance a solar installation with $0 down. Any additional down payment will go toward the principal of your loan and reduce your monthly payments over the lifetime of the loan.
Click here to learn more about financing programs available.
The federal tax credit for a residential solar system is 26% of the system’s contract price through 2023. When you receive your tax credit, lenders generally hope that you put it toward the principal of your loan.
When financing solar, your loan should replace your utility bill. However, unlike your old bill, your loan payment will be the same ten years from now. In addition, you will build equity and will soon own your energy supply.
Homebuyers today are looking for new ways to reduce their carbon emissions and save money on bills. As a result, homes with solar usually sell faster and for higher prices.
On average you will see your home’s value rise by $9k-$33k when you switch to solar.
Why is now the time for solar?
In 2020 the 30% Federal Tax Incentive was reduced to 26%, where it will remain through 2023. For homeowners with income tax liabilities, the solar tax credit can deliver substantial savings off the total system cost.
If you’re considering adding solar panels to your home, it makes the most financial sense to do it with the highest available tax credit. If you do not pay income taxes you are not eligible for the 26% tax credit, but there are other programs available that allow you to go solar at an affordable rate.
Why Wells?
- High-Quality Solar Products Backed By High-Quality Customer Service
- Recognized As A Top Solar Company By Solar Power World Magazine
- Better Business Bureau A+ Rating
- 5-Star Customer Reviews On Google
- Certified Tesla Powerwall Installer
- 25-Year Warranty On All Solar Power Systems
- 24/7 System Monitoring, Tracking & Reporting
- 6,000+ Installations In Central Texas