Next year, the federal tax credit will drop and net-metering likely will be made unfair in Ky. Install now!
Photo by Robert Dorzback
Photo by Robert Dorzeback
Clean, Renewable Solar Power = A Healthier Louisville
Asthma is triggered by air pollution and the #1 reason Louisville kids miss school. Solar power emits no pollution, supports local jobs and cools our planet. Kentucky receives 50% more sunshine than Germany—the world solar power leader. Louisville CAN go solar!
Two significant new developments may influence your planning:
Tax Credit Reduction
The federal tax credit for installing solar power panels on your home or business will go from 30% this year to 26% in 2020.
Changes in Net-Metering
Under tremendous pressure from the electric utility monopolies -- including $327,050 in campaign contributions -- the majority of the Kentucky General Assembly voted to alter net metering in ways intended to extend those monopolies onto the sun. Sometime between January 2020 and May 2020, the rules will change, and likely very significantly for most consumers. Learn more.
If your solar project is installed beforehand, you still have a right to the existing net-metering rules for 25 years. If considering a commercial project able to use all of its power as it's produced, you probably don't need to be concerned about these changes.
LCAN will provide additional guidance here, including tips on power storage, as soon as it can be developed.