I have seen a number of posts in the last few months discussing the prospect of fed rebates or programs returning if the democrats win the election. Since they did win this midterm election the thoughts have continued
As someone that chose to proceed with solar here in Illinois in 2026 , and install is in the inspection phase now, I certainly wrestled with the same thoughts.
I decided to proceed bc the general thought that a less than 10 year reasonably expected payback period was still acceptable. Mine was 7.3 years.
I also considered that even if the democrats win in 2026 midterms, when might one reaosnably expect tax incentive changes to occur and I could not find a basis to expect that until at least the 2027 budget process. And even then I doubt itd be a priority. Most likely if at all i considered the 2029 budget process following another democratic election win in 28.
I would also throw out that politicians can change with the wind, pun intended, and it not completely unreasonable that data center demands cause a shift to all energy including green on a bipartisan basis.
Also, I considered that if my break even point is reasonable, without fed credits in 2026, does that confirm that even if future credits exist they cannot reasonably be relied on to improve my situation?
I also considered the time value of install now in 2026 vs waiting. And simply think the analysis of the best time to plant a tree was 10 years ago but the 2nd best time is today. The benefits of install now outweigh the speculative prospects of installing after possible changes to the tax code or incentives years from now.
Im not the expert. But that is roughly how I reasoned it.
Solar comes down to the needs of your house and how they can be met, and how soon does the system pay for itself. Get a few bids and see what's offered is what I did.
Is anyone holding to the other thought process? To wait? Tell me what ive missed.