This is the most common credit for going solar. 30% back on the initial investment of your system.
Next is to write off the interest you have on your loan agreement for the ENTIRE term of the loan.
Most people don't know this but the lender front loaded all the interest on your loan to the first 5-7 years, letting us write off every payment you've made for that period of time.
This one is really the best perk you get for going solar! Depreciating the entire project leads to some massive returns for going solar.
The Energy Community Tax Credit Bonus applies a bonus of up to 10% (for production tax credits) or 10 percentage points (for investment tax credits) for projects, facilities, and technologies located in energy communities. Check If you are in an ECC community HERE
Thank you Midas" -Anthony Schiavone
-Austen Magee
I cannot believe how much extra money was available to me for being a current solar owner. Midas did a wonderful job in educating me about my adfditional tax savings that are owed to me. If you already have solar, please reach out to them. You will be pleasantly surprised how much additional money is owned to you!" -Darren
Our mission is simple: to ensure that each of our clients receives the full spectrum of benefits they are entitled to after installing a solar energy system. With a meticulous eye for detail and a comprehensive understanding of tax laws, our specialists work tirelessly to identify every opportunity for additional benefits and write-offs, translating into direct financial savings for you.
At Midas Wealth, we simplify what seems complicated. We take the burden of paperwork and policy off your shoulders, providing a streamlined process that integrates seamlessly with your lifestyle. Whether you choose to work with your CPA or file independently, our tailored packets make the process as easy as a few clicks in your tax software.
We don't just offer a service—we offer peace of mind. With Midas Wealth, you're choosing a partner who stands by your side, illuminating the path to a brighter financial future.
FAQS
We work with www.dsireusa.org to find the best incentives for you based off of your state.
"DSIRE is the most comprehensive source of information on incentives and policies that support renewable energy and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University. Follow the navigation above to read about the history of DSIRE, the partners on the project, and the research staff that maintains the policy and incentive data in DSIRE."
Our partner https://taxhive.com is the best solar tax perpetration service in the nation. They work with you to strategize and maximize every benefit available to you well and above the typical Federal Tax Credit of 30%.
Our service fees at Midas Wealth are directly tied to the savings we secure for you. We operate on a success-based model, ensuring that our compensation is a reflection of the tangible financial benefits we deliver. This approach guarantees that our primary objective is always to maximize your savings and tax Incentives, aligning our services with your financial advantage. We believe in transparent pricing that underscores our commitment to saving you money—because when you prosper, so do we.
Midas Wealth equips you with a comprehensive packet that is compatible with popular tax software, such as TurboTax, allowing you to file with ease. However, if you prefer, you can certainly take our detailed packet to your CPA for filing. Our goal is to provide you with convenience and choice, ensuring your tax filing experience is as smooth and beneficial as possible.
In the rare event of an IRS audit, Midas Wealth stands by your side. Our team will provide you with the necessary support and documentation related to the tax credits and deductions we’ve helped you claim. We are committed to ensuring that you feel confident and secure, even during an audit, knowing that your claims are backed by our expertise and meticulous preparation.
© Copyright 2024. Midas Wealth. All Rights Reserved.