The number one reason Kansas City Homeowners are installing solar isn’t what you think!

The top three reasons why a homeowner near Lee's Summit, MO should consider installing solar panels at their home with Helio GreenTech:

1. Cost Savings: Installing solar panels can significantly reduce your monthly electricity bills by generating your own clean and renewable energy from the sun. With Helio GreenTech's solar panels, you can take advantage of the abundant sunlight in Lee's Summit, MO, and potentially save thousands of dollars on your electricity bills over the lifetime of your solar system.

2. Environmental Benefits: Solar energy is a clean and renewable source of power that does not produce harmful greenhouse gas emissions, air pollution, or contribute to climate change. By installing solar panels, you can reduce your carbon footprint and contribute to a greener and more sustainable future for your community and the planet.

3. Increased Home Value: Solar panels are considered a valuable home improvement investment that can increase the resale value of your home. Homes with solar panels are often perceived as more attractive to potential buyers due to the potential for lower energy bills and environmental benefits. With Helio GreenTech's high-quality solar panels, you can enhance the value of your home and potentially enjoy a higher return on investment when you decide to sell your property.

Installing solar panels with Helio GreenTech can offer cost savings, environmental benefits, and increased home value, making it a compelling option for homeowners near Lee's Summit, MO who are looking to embrace renewable energy and reduce their carbon footprint.

Did you know in 2022 new benefits were introduced through the Inflation Reduction Act (IRA) to enhance the benefits of going solar?

The number one reason IRA appropriates approximately $11.7 billion in total for LPO to support issuing new loans. In 2022 The President Biden administration passed a bill known as the (IRA) H.R. 5376 – Inflation Reduction Act of 2022. The bill covers multiple topics, including healthcare, corporate taxes, staging at the IRS, and most importantly to Helio GreenTech and potential solar energy customers related legislation for the renewable energy sector, especially solar.

The Act also enhances the ITC for certain projects placed into service after December 31, 2022. In the case of the PTC, the credit can increase if the solar projects meet certain requirements. If a project uses domestically produced materials, such as steel and iron (100% U.S.-made), and the total materials for the project are at least 40% U.S.-made, the project will qualify for a 10% increase in the ITC.

In previous years it would be hard to buy a BRAND NEW HOME with solar, but the ITC provision creates a new marketplace for tax credits. It is projected that third parties may pay 92 cents on the dollar for a tax credit; in that case, the developer would receive 90 cents. The difference would go to the market maker on the transaction. There’s still some nuances to figure out in getting solar to be installed on new home construction with delvelopers in the Kansas City market with utility providers such as Evergy, Ameren and Independence Power and Light. However, as for the ITC solar tax credit itself, Helio would love to work with developers who may wish to seek ITC insurance that includes the original ITC amounts and determination of eligibility for the third party.

The IRA, Inflation Reduction Act of 2022 helps keep the cost of solar lower than the average electric bill it’s replacing in both Kansas and Missouri as well as most other states in the United States. The The Inflation Reduction Act will decrease consumer energy costs, increase energy security, and help reduce greenhouse gas emissions. The combined investments in the Budget Reconciliation bill will reduce an estimated 40% emissions and represent the biggest climate investment in history.

Did you know that installing solar will likely increase the resale value of your home? In Missouri this increase only occurs when you sell you home. So, it won’t increase your property taxes while you are benefiting from the solar. The next home homeowner will have the benefit of a home with the lowest electric bill on the block with the tax benefits of a deduction on their system through their home mortgage. It’s a win for you and the net homeowner! Learn more about the benefits of buying or selling a home with solar.

What about my not-for profit organization or church?

Prior to the passage of the IRA, only taxpaying entities were entitled to the benefits that come with qualified solar projects, such as bonus depreciation and the ITC. Entities not subject to taxation, such as cities, counties, school districts, municipal utilities, churches, and other 501(c) organizations, could not take advantage of the solar benefits.

Now if you have a church that wants to go solar Helio GreenTech can help install your solar project and your church or other 501(c) tax-exempt entities can receive the benefits of the ITC through a “direct pay” option in lieu of tax credits. Under the direct pay program, the tax-exempt organization would claim the ITC on its 2023 Form 990, which would generate the refund from the IRS.

Solar production currently accounts for just 3% of the electrical production in the U.S., but 49 states require all electric utilities to use renewable sources for 30-35% of their energy production by 2035. We have a long way to go.