Homeowners rush to install solar
Homeowners are rushing to install solar before the December 31st expiration of the 30 percent tax credit.
The surge in consumer activity follows the passage of HR1 on July 4th of this year, and its elimination of the residential Investment Tax Credit (ITC) at the end of 2025. Homeowners have through December 31st, to have their systems installed to claim the 30 percent federal tax credit, which represents an average of $9,000 in savings on typical installations, according to EnergySage Intel data.
Overall, EnergySage saw a 59 percent month-over-month increase in registrations from potential customers from June to July and a 205 percent year-over-year increase in homeowners actively working with installers.
Solar installers are being dramatically impacted by the urgency to go solar. A recent survey conducted by EnergySage found that 35 percent of solar installers expect to stop taking new customers before October 1st, and around 9 percent indicated they have already reached capacity for 2025.
