Produce Your Own Clean Energy
Solar panels produce renewable clean energy while securing low utility rates. Our panels exceed industry standards for durability and lifespan.
President Biden signed the Inflation Reduction Act into law on Tuesday, August 16, 2022. One of the many things this act accomplishes is the expansion of the federal tax credit for solar photovoltaics, also known as the Investment Tax Credit (ITC). This credit can be claimed on federal income taxes for a percentage of the cost of a solar photovoltaic (PV) system.
Let’s take a look at the biggest changes and what they mean for Americans who install rooftop solar:
The ITC increased in amount and its timeline has been extended. Those who install a PV system between 2022 and 2032 will receive a 30% tax credit. That will decrease to 26% for systems installed in 2033 and to 22% for systems installed in 2034. If you’ve already installed a system in 2022, your tax credit has increased from 22% to 30% if you haven’t already claimed it.
The solar/storage equipment expenses included in the ITC have expanded. Now, energy storage devices that have a capacity rating of 3 kilowatt hours or greater are included. This includes stand-alone storage, but pairing it with solar is ultimately the best choice based on ROI alone.
Welcome to Abundant Energy of Arkansas!
We've been in business for a little more than six years now and still growing . We're helping home owners in Western Arkansas and Eastern Oklahoma experience freedom from the rising cost of electric utilities.
We only use top quality panels with a 25 year warranty and inverters with a warranty up to 10-25 years, depending on inverter type.
All of our installations meet local, state and national code and is wired and inspected
by a licensed electrician, and by the utility engineer's office.
Abundant Energy's staff has over 30 years combined experience and continuously striving to keep up with the newest technology available on the market. We are the only Solar company that's factory authorized to sell and install LG ESS batteries in Western Arkansas.
Our objective is to educate our customers with how solar energy operates whether through off grid or net metered with a grid- tied system, and to provide reliable service, competitive pricing and repair service, should you ever need it due to storm damage or system failure. We even service systems installed by our competitors at affordable rates.
Our goal is to save our customers money on their utility bills while reducing the negative impact we leave on our environment.
We would love to hear from you! Please call for a free consultation to discuss which options will best suit your needs.