May 31, 2024
Make the Most of your Xpanse Solar Awning Investment
The Xpanse solar awning delivers on the promise of freedom and adventure. An investment in Xpanse is an investment your freedom to explore. It is also an investment in our environment. 1200Ws of solar power replaces the need for bulky, noisy, polluting generators necessary to explore off-grid. In recognition of that investment, the federal government offers a generous tax credit to help you save big on installation.
Xpanse Solar Power on the Move
The Xpanse Solar Awing is more than just shade. This innovative retractable awning boasts integrated solar panels, generating clean electricity to power your RV appliances and lighting. Unlike traditional rooftop solar systems, the Xpanse awning offers several advantages:
- Double Duty: Provides shade and solar power in one convenient package.
- Easy Installation: No need for complicated roof modifications.
- Durability: Built tough to withstand the elements, perfect for off-road adventures.
- Industry Leading Solar Power: 1200Ws of reliable, durable solar power to suit your energy needs.
With the Xpanse awning, you can enjoy the benefits of solar power without sacrificing valuable roof space.
Save up to 30% with Tax Credits
The federal Residential Clean Energy Credit offers a significant tax break for those who install solar panels. The good news? This credit applies to RVs too! As long as your RV qualifies as a second home for tax purposes (typically involving at least 14 days of use per year), you can claim a credit for a portion of your Xpanse Solar Awing installation costs. Be sure to discuss the tax credit with your tax advisor to ensure your system meets the IRS qualifications and to help guide you through the claiming process.
Here's the breakdown of the current credit (as of June 2024):
- 30% for systems placed in service between 2022 and 2032
- 26% for systems placed in service in 2033
- 22% for systems placed in service in 2034
This means you can recoup a significant chunk of your investment in the Xpanse awning, making solar power on your RV even more attractive.
Qualifying for Credit: Easier Than You Think
The eligibility requirements for the solar tax credit are fairly straightforward. Here's what you need to know:
- Your RV must be considered a second home for tax purposes (used for at least 14 days a year).
- The Xpanse Solar Awing is a new system installed for the first time on your RV.
- The installation must be completed and placed in service by the deadline for the specific credit year (check with your tax advisor for details).
With a little planning and the Xpanse solar awning, you can embrace solar power and enjoy the freedom of the open road without breaking the bank.
Disclaimer: This blog is for informational purposes only and should not be considered tax advice. Always consult with a qualified tax advisor for specific information related to your situation.
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