If you live in Boise, Idaho, you might be wondering how the city and the surrounding state are doing in the race for a cleaner, greener future. If so, the signs are currently looking pretty promising. As more Americans than ever go solar, Idaho is determined not to be left behind.
Boise solar is growing like never before and is on track to improve the quality of life of residents significantly in the coming years. If you’re invested in Idaho solar, read this quick roundup to find out everything exciting that is currently going on in the world of solar Boise.
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Boise Solar is Growing, Fast
First off, it’s important to note that solar power in Idaho is most definitely a growth industry right now, with Boise leading the way. As this guide to local energy from Boise-based company, Blue Raven Solar explains, the city of Boise is going big on solar.
It has laid out more than 4KW of clean solar energy in the city over the past two years alone, with significantly more in the pipeline as the city aims to meet its ambitious sustainability goals. From public buildings to private homes to the vast expanse of the Boise Mountains, solar’s presence is visible for all to see.
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Idaho Offers Tax Breaks
If you are a homeowner or a resident of Boise, you can benefit from real cash incentives if you decide to go solar. The state of Idaho has specific tax breaks on offer for any resident that pays for their own solar panels, allowing you to offset the cost and get a substantial amount of your expenditure back those tax rebates.
This is the Idaho Residential Alternative Tax Deduction, which allows any homeowner to claim a 40% deduction on income taxes of the cost of solar installation and equipment. In addition, you can also claim an additional 20% deduction from the cost of running your solar system for the first three years after installation. The maximum that you can save with the Idaho solar tax break is a whopping $20,000.
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So Does the Federal Government
It’s not just the great state of Idaho that is looking to help homeowners save money by switching to greener, more efficient energy sources. The Federal Government is also keen to lend a hand. The Federal Solar Tax Credit is a nationwide scheme that allows anyone to claim up to 26% in tax credits on the cost of solar panel installation equipment and installation. This alone could save you thousands of dollars.
When you take into account the fact that the Federal Tax Credit can be used alongside Idaho’s own Residential Alternative Tax Deduction, it becomes clear why so many people say that solar pays for itself. On top of this, residents of Boise can also sell their excess solar energy stocks to local utility companies for pure profit, allowing you to boost your savings.
The Tech Stories That Matter
Now that you know everything there is to know about Boise solar, it’s time to learn more. For the local tech stories that affect you, we have got you covered. Make sure to consult our daily-updated tech pages to stay ahead of the curve.
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