SOUTHAMPTON, N.Y., November 13, 2019 (Newswire.com) - GreenLogic, Long Island's solar panel design and installation experts, has recently introduced a solar rebate program covering the difference between the current 2019 and the lower 2020 federal solar tax credit.
The federal tax credits for residential and commercial (solar ITC) solar power installations were implemented by the U.S. government in an effort to promote green energy by providing a tax credit that can be applied to reduce federal income tax payments. However, these credits will soon begin to diminish and, eventually, vanish over time. Currently, the federal government is offering a 30 percent tax credit to those that invest in residential solar systems or commercial solar power systems. At the end of 2019, the federal tax credit will go down to 26 percent for installations completed in 2020 unless laws are implemented to extend the solar ITC.
The GreenLogic solar rebate program will offset the four percent reduction in the 2020 solar tax credit for its clients. To lock in this solar installation rebate, clients must lock in their solar agreement before Jan. 1, 2020.
“We believe everyone should be able to save not just on their solar energy but their taxes as well, which is why we fully supported the federal tax credits. However, now that the federal solar tax credits will be reduced and eliminated thereafter, we don’t want new solar customers to suffer. This is why we have decided to absorb the difference and give consumers the 30 percent they desire,” said John Rocchetta, Partner.
GreenLogic, with locations in Roslyn and Southampton, boasts 15 years of world-class renewable energy installations for homes and businesses throughout Long Island, helping clients to deliver unprecedented returns on investment. Speak to a GreenLogic solar consultant to learn more about the declining federal tax credit and the Long Island solar power rebate program.
For more about Greenlogic, visit www.greenlogic.com/.
About GreenLogic LLC
GreenLogic was founded in 2005, making the company one of the longest-standing solar installers on Long Island. Since then, they’ve helped customers save millions of dollars in energy bills. Their quality, reliability and high level of performance has made them one of the most referred solar installation companies on the Island. Whether you’re a homeowner, business owner, builder or architect, GreenLogic’s experts can design and install the ideal solar power system for your needs.