The federal government will subsidize 30% of the cost of your solar project.
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The Inflation Reduction Act of made several important changes to how federal solar tax credits work. For one, it extended the credit for years, until ; it also raised the rebate to 30% of the total cost of installation until , after which it tails off to 26% and 22% the next two years.
Theres no cap to the cost, eitherwhether you pay $10,000 or $100,000 for your solar project, you get the full value of the credit.
In a sense, that may be all that you as a homeowner need to know. You have a long window in which to decide whether to go solar, where you can be confident of writing off 30% of the total cost. Your up-front costs will be reduced by almost a third, and youll recoup your investment that much faster.
Significantly, you can spread the credit across as many as the next five years of tax returns. This option is designed to maximize the credits benefits, since not every household will owe 30% of their project cost in taxes in the year of installation.
The Inflation Reduction Act also improves certainty and long-term planning in the solar industry itself, said Joe Lipari, vice president of projects at Brooklyn SolarWorks. We always joke and call it the solar coaster because so much of it is really influenced by political whims, he said. What the IRA did was provide certainty that this is an incentive thats going to be here to stay Were so accustomed to, Its going to expire next year. Sign up now. Get it while you can. Its never going to get better. It changes the mindset.
And that should help smaller, customer-oriented local solar contractorssuch as Brooklyn SolarWorksstick around.
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We strongly recommend working with such a contractor, versus a large national firm whose business model, as detailed by Alana Semuels in Time, prioritizes sales over service. (In Semuelss words, National solar companies essentially became finance companies that happened to sell solar.) Tellingly, the first of the 40 Questions to Ask an Installer suggested by the nonprofit American Solar Energy Society are What year was your company established? and Where are its offices?
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Since we don't really know how much power the router needs on average, it is hard to size the panels. The 2A rating is most likely the maximum that is required, not the average. So my suggestion is to use two of the 20W panels in parallel.
You will also need some type of voltage regulator to protect the router from over-voltage.
Please note that the router will only function when bright sun is shining on the panels. If there are clouds, or shade from trees, or if the sun is low in the sky, the router will not function.
Also, under some conditions when there is not enough sun, the router may reboot over and over. Not sure if this could damage the router or cause other problems. This is kind of a complex problem to solve so I am not going to get into it. Just be aware that this might happen.
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