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OUR MISSION is to help homeowners’ understand the financial benefit of powering your life with solar. Electricity, like most everything else, will continue to get more expensive over time. Installing a solar panel system means you can produce your own power and replace your increasing electric bill with a fixed solar payment. Plexsolar has access to the solar industry’s top lenders & manufactures, plus install times 66% faster than the competition. 

Rising Energy Cost

The cost of electricty is expected to increase 22% over the next 10 years.

Solar Savings

Going solar now will save you $26,000 average after 20 years with panels.

Solar Tax Credit

Going solar in 2022 makes you eligible for a tax credit equal to 26% of your systems cost.

How does solar work?

Each hour, the sun beams enough solar energy down to earth to power global civilization for an entire year. With the right equipment, you can harness your share, and power your life on sunlight. Plexsolar is a “solar agency”, which means we work with the a network of industry’s top lenders and installers to support local solar business and  construct your deal without executive salaries, or logistics priced in. Plexsolar helps eliminate hidden fees creating a hassle-free experience that makes going solar almost as easy as flipping a switch.

How does solar work?

Each hour, the sun beams enough solar energy down to earth to power global civilization for an entire year. With the right equipment, you can harness your share, and power your life on sunlight. Plexsolar is a “solar agency”, which means we work with the a network of industry’s top lenders and installers to support local solar business and  construct your deal without executive salaries, or logistics priced in. Plexsolar helps eliminate hidden fees creating a hassle-free experience that makes going solar almost as easy as flipping a switch.

2022 is the best year to go solar.

Plexsolar is dedicated to educating homeowners of the financial benefits that come with going solar. This landing page contains everything your need to know about rising energy costs, fossil fuel supply and demand, federal & state solar tax credits, new solar technology and the reason going solar is one of the best investments a homeowner can make in 2022.

What is the 26% solar tax credit?

During the final days of Trump’s administration, as part of the relief package approved by Congress, the 26% Federal Solar Tax Credit (also known as the Investment Tax Credit or ITC) got extended through 2022.

This means if the gross cost of your system is $40,000, your credit would be worth $10,400! This credit is claimed by filing Form 5695 with your taxes at the end of the year.

The Solar ITC is a 26% tax incentive on your solar system cost. The only requirements are that you:

  1. Own the system by purchasing your solar panel system via cash or a solar loan (lease or PPA financing cannot claim the tax credit)
  2. You have an income tax liability, (money taken out of your income to pay federal tax) which is what this incentive reduces.

New Mexico saves even more!

The Land of Enchantment has committed to becoming 100% renewable by 2040. In order to achieve this goal, on top of the Federal ITC, New Mexico homeowners receive an additional 10% (or $6,000, whichever comes first) through the New Solar Market Development Income Tax Credit!

*Using the same $40,000 solar panel system from the example above, in addition to the $10,400 Federal ITC, you would receive an extra $4,000, totaling $14,400 Cash!

This credit works the same as the Federal ITC except the credit is based on the money you have paid in State Taxes. If you have purchased a solar system through a Plexsolar agent, claiming your credit requires a bit of information from us, so feel free to give us a call!

Schedule your virtual no-obligation Plexsolar consultation!

Is solar in your future? Book a 10 minute Zoom call with a certified Plexsolar agent to find out how much you could save with a $0 down solar installation. This is NOT a sales call! Our mission is simply to help you discover the potential financial benefit of installing a solar panel system on your home by:

Using satellite imagery to analyze your roof, &
Your current electric bill to estimate your savings!

We’ll work together to determine if going solar is right for you! Your agent will take the information gathered from this call to design a preliminary system, and schedule a follow-up call within the next 1-3 days to go over your official solar savings report. Your designated agent will then educate all deciding parties on the next steps. In summary, your solar journey could be well on it’s way within the next 24 hours!

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Saving money is the #1 reason to go solar in 2022.

Plexsolar is here to educate homeowners on the financial benefits of going solar. Aside from saving up to 36% on the total cost of your system, our $0 down solar installation, plus a check for up to 36 months of system payments mean not only do you see immediate savings, you’ll virtually eliminate your energy expenses for up to 3 years.

Global, federal and state renewable energy initiatives combined with the rapid growth of electricity generation, mean renewables—including solar, wind, and hydroelectric power—will be the fastest-growing energy source between 2018 and 2050, even surpassing petroleum and other liquids to become the most used energy source across the globe.

There’s no doubt the world is moving towards renewable energy, but the reason going solar is so important now? After tax credits are gone, homeowners will have to pay full price for their solar panel system, elongating the time it takes to see any return on investment. Going solar today means you get to take advantage of a lower net system cost on panels that will appreciate in value over time.


Home solar is an investment

Inflation is ramping up in the United States due to a 41% increase in available USD (U.S. Dollars) brought on by the Economic Stimulus Packages of 2020 and 2021.

But what problem did all this money create?

Simply put, the more dollars in circulation, the less dollars are worth.

Commodities are natural resources like food, energy, and metals. If you zoom out on the GOLD/DOLLAR chart, you see the value of gold has increased roughly 280% since 2007. Were using this example because gold, like electricity, is a commodity. The value of your panels is determined by the amount of energy they produce alongside the overall cost of energy. Let’s compare the decreasing value of the U.S. Dollar to the degradation rate of your panels.

  • The U.S. Dollar has lost (generously)  20% of it’s value over the past 20 years. On average the dollar loses 1% of it’s value per year.
  • The degradation rate of modern solar panels is .5% per year, which means after 20 years, they will still generate about 90% of the energy they originally produced.

The value of energy produced by your panels holds value 2x as long as the value of your dollars. Since the dollar decreases in value faster than your panels loose production capacity, the dollar value of your panels will increase alongside the rising cost of energy.

That’s why going solar is an investment.

 

The problem with “nonrenewables” 

When people talk about “renewable energy”, they think of going green and saving the planet, but not many understand the non-renewable problem. Supply and demand reveals an obvious problem that is often overlooked. The opposite of renewable energy is non-renewable energy.

The exact amount of fossil fuel left inside the earth remains uncertain, however, a study conducted by BP concluded “coal reserves will “run out” in 2169, oil in 2066 and natural gas will be exhausted two years later in 2068.”

Developing nations are the fastest growing economies across the globe, however, they are reliant on fossil fuel, which makes regulating their energy use difficult. These countries are responsible for over 75% of global growth in output and consumption, and 63% of global emissions.

The U.S. Energy Information Administration (EIA) projects that world energy consumption will grow by nearly 50%  between 2018 and 2050. This means not only are we running out of proven fuel reserves, were burning through those reserves at a faster rate, year after year. But supply and demand is not the only issue.

This is why John decided to switch to solar.

This is why John decided to switch to solar.

How much could you save with a $0 down solar installation?

Going solar will save the average homeowner $26,000 over the next 20 years. As long as your electric bill is greater than $99 a month, installing a solar panel system will generate immediate savings.

Solar panels used to be a feel good addition to your home, but whats important to understand, is that electricity is a commodity. Producing enough electricity to power your home is one thing, but now with net metering, you can sell excess energy back to the grid at an increasing price point for a minimum 30 years, guaranteed.

Get pre-qualified on your solar panel system and find out exactly how much you can save with a $0 down solar installation. Compare your monthly bill to your solar payment, calculate 25 years of savings and receive an estimate of your Solar Tax Incentive! If you have any questions about going solar, feel free to leave a request on our contact page and someone from our team will reach out as soon as possible.

Frequently asked questions

Tax credit savings aside, there are still a few questions homeowners want answered before Going Solar.

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