How to claim your federal and state tax credits for solar

Federal Tax Credit The federal tax credit is obtained by filing Form 5695 (https://www.irs.gov/pub/irs-pdf/f5695.pdf). Input the total cost of solar into line 1, it will then be multiplied by 30% in line 6. Fill in Line 1 with the total cost of solar State Tax Credit...
Solar Q & A

Solar Q & A

We were recently approached by a local realtor with questions about solar. They are good and common questions we get as a company and we wanted to share them with you here. Read the interview here! and here is a snippet: Q&A with Raywell Solar. Let’s be honest,...
SCANA Deliberately Misled Us

SCANA Deliberately Misled Us

According to South Carolina regulators, SCANA deliberately misled the governing bodies over the V.C. nuclear plants. The statement that “SCANA executives acted ‘imprudently'” came Monday, Jan 14 from the Public Service Commission (PSC). It has been...
SCEG becoming Dominion

SCEG becoming Dominion

What does Dominion mean for solar? You may have received an email from SCEG stating they are becoming Dominion and are wondering what it means for your solar installation. While no details have been officially released by Dominion, the writing on the wall suggests...
Solar Tax Credits: Are You Eligible?

Solar Tax Credits: Are You Eligible?

June 2018 | RayWell Solar For the first time in a history of powering their homes, Americans can reduce their energy cost by going solar and save thousands of dollars. Thanks to Uncle Sam and available tax incentives, going solar is the most affordable it has ever...
Are you a good candidate for solar?

Are you a good candidate for solar?

You’ve heard about your neighbors installing solar, but you aren’t sure whether you should look into it too. How do you know whether or not your home (or business) is a good candidate for solar? 1. Who is your utility? Not all electric companies have...
Corporate Sustainability: Why your business should go solar

Corporate Sustainability: Why your business should go solar

Corporate Sustainability has been a hot topic issue since the early 2000s as many Fortune 500 companies have made huge strides paving the way to a sustainable future. I read every week about a company or city committing their part to the goals set forth in Paris...
Solar Panel Tariff

Solar Panel Tariff

What does the solar tariff mean for the price of your installation in 2018? In short, there will be an increase. How much is yet to be seen. As of today’s date, we have not raised our prices one penny. But there is a panel shortage and the number of pre-tariff...
Solar: 100% Bonus Depreciation

Solar: 100% Bonus Depreciation

The word is out on the Federal Investment Tax Credit, but did you know that solar equipment falls under 100% Bonus Depreciation? Get your investment back faster! Solar falls under the MACRS method for recovering costs spent on qualifying assets. This has been the case...
Know Your Options: Moving with Solar

Know Your Options: Moving with Solar

One of the biggest considerations homeowners have when looking into solar is “what happens if I move?” This was a big hurdle to installing a long term power solution when the average American family moves every seven years. However, the young, innovative...