Legislation has been enacted by both California and the U.S. government that stipulates, by the year 2035, all new vehicle purchases and sales must be exclusively electric vehicles (EVs) or hybrid electric vehicles. These regulations have triggered a substantial transformation. Virtually all major automobile manufacturers have redirected their research and development endeavors toward the advancement of EVs and hybrid electric vehicles.
Integrating electric vehicles into your household will lead to an upswing in energy consumption. Various states have already witnessed strain on their electrical grids due to heightened energy demand. The current infrastructure cannot effectively accommodate the simultaneous charging of EVs in every household.
Recognizing the looming challenge of an overloaded electrical grid, the government has introduced the solar tax credit program. This incentive aims to encourage homeowners to embrace solar energy solutions. By enabling homeowners to offset up to 30% of the cost of their residential photovoltaic (PV) solar system, this program offers a compelling financial incentive for transitioning to solar power.
As a part of Phoenix Valley Solar, we would like to clarify that we are not tax experts. However, we are more than willing to engage with you and provide insights into how the solar tax credit operates and how it could potentially benefit you. Feel free to reach out, and we can discuss the specifics of this opportunity.