U.S. Solar Module Prices are Stable Despite Tariffs
Solar module prices have been stable over the last three months, despite headwinds from tariffs. According to the latest data from ANZA, the price of modules using American-produced solar cells declined by around 2% since the end of April, while the price of modules with imported cells increased by around the same amount.
This relative stability means that overall solar panel pricing is largely unchanged, despite increased trade tariffs on foreign goods, particularly in the Asia-Pacific region.
Pricing Stability is Good News for Long Island Solar Installations
Tariffs introduced under the current administration came with a risk of increased solar panel procurement costs. The stability means that now is still one of the best times in history to plan a solar panel installation on Long Island.
When factoring in efficiency and inflation, a home solar installation is more affordable than ever.
Last Chance for Federal Solar Tax Credits
There is another factor for homeowners to consider. Despite pricing stability, one of the biggest solar tax credits is disappearing.
The 30% dollar-for-dollar Federal Solar Tax Credit, based on the total cost of a solar installation, is ending this year. Homeowners will no longer be eligible for the credit after December 31st, 2025.
Initiating the consultation period in August could be one of the last chances to complete the planning and payment process to ensure tax credit eligibility.
What Should You Do if You’re Thinking About Switching to Solar?
If you’re considering solar for your home, now is the time to talk to a trusted Long Island solar installer.
Power Solutions, the team you might already know as LI Power Solutions, offers a simple process to learn about solar savings and make the switch.
- Talk to us today for an initial consultation and learn if solar is right for your home.
- We will evaluate your home’s solar potential and predict your savings over time.
- Our team installs a wide range of solar panels and battery energy storage solutions (BESS).
- We can assist with solar financing, including an interest-free period with no money down, based on expected Federal and State Solar Tax Credits.
- Initial estimates and consultations are free. You won’t pay a cent until you are happy with the data and commit to a solar installation.
Home solar is one of the best ways to save money and enjoy real energy independence. Start with a free ballpark solar estimate and let Power Solutions show you what’s possible when you generate clean electricity on your rooftop.
