FOSTER CITY, Calif., Feb. 11, 2021 /PRNewswire/ -- Modernize.com, a leader in the home improvement and home services industry, summarizes the incentives, rebates, and financial benefits associated with installing solar panels on residential homes in 2021.
26% solar installation cost credit for systems placed in service after Dec. 31, 2019 and before Jan. 1, 2023
22% installation credit for solar systems placed in service after Dec. 31, 2022 and before Jan. 1, 2024
State-specific rebates, property tax exclusions and other benefits
The Database of State Incentives for Renewables & Efficiency (DSIRE), lists 28 federal money-saving programs for solar projects.
"Consumers may seek to take advantage of solar installation tax incentives as they prepare their 2020 tax returns," advises Gregg Hicks, vice president of Modernize.com. "For those installing solar panels in 2021, expected rebates should be factored in when considering solar installation costs in order to determine the true cost."
Modernize highlights state-specific solar and renewable energy financial incentives to make consumers aware of programs that may be available to them. Examples include:
Arizona. Homeowners can get a 25% tax credit, up to $1,000 for installing solar panels
California. Solar energy system property tax exclusion freezes property taxes until the end of 2024
Hicks is available to answer questions about federal and state solar incentives and can offer advice on finding a knowledgeable contractor for solar installation projects.
About Modernize.com For more than 15 years, Modernize has been a leader in the home improvement and services industry, connecting homeowners with contractors and other home services professionals. Modernize operates in more than 15 high-value, high-consideration home segments, including new and replacement windows, solar installation, roofing, heating and air conditioning, siding, bathrooms and kitchens, new and replacement gutters, home security, and others. The business brings a network of more than 1,000 contractors and professionals across all segments, offering broad geographical coverage and choice for homeowners.
Modernize is owned and operated by QuinStreet, Inc. (Nasdaq: QNST), a leader in providing performance marketplace technologies and services to the financial services and home services industries. QuinStreet is a pioneer in delivering online marketplace solutions to match searchers with brands in digital media. The company is committed to providing consumers with the information and tools they need to research, find and select the products and brands that meet their needs. Modernize is a member of QuinStreet's expert research and publishing division.
Media Contact: Jacqueline Leppla Senior Director of Public Relations QuinStreet, Inc. Direct +1 775 321 3608 Email [email protected] LinkedIn