Solar purchases are eligible for a Federal tax credit worth 30% of the purchase. This applies both to residential and business purchases of solar.
The law that gives the credit expires at the end of 2016. To qualify for the credit, a solar array must be installed and in operation by December 31, 2016. Payment towards a solar array that has not yet been completed does not qualify for any credit. After that date, the credit for residential solar completely goes away. For businesses, the credit drops from 30% to 10%.
It is extremely likely that many homeowners and businesses who have been thinking about going solar but have been putting it off will see this coming year as the time to get off the sidelines. With limited numbers of trained installers and finite manufacturing capacity, we will not be able to ensure that all comers can have a Solaflect Tracker installed in time to qualify for the credit. If you wait until next summer—the time of year that most people remember to put solar at the top of their to-do list—you could easily be too late to get into the installation schedule for 2016.
Whether you think you will do best with a Tracker on your property or hosted off-site at our Community Solar Park, each day you wait is a day closer to risking the loss several thousands of dollars worth of tax credit. Think about it: if you are pretty sure you want to go solar eventually, why wait? Why keep paying out to the utility when you could begin receiving solar savings now? Why risk being a day late and a dollar short?