PosiGen CEO Urges Consumers to Avail Solar Tax Credits to Save on Energy Expenses
Thomas Neyhart, the CEO of PosiGen, a growing solar power solutions company based in Louisiana, has urged consumers to avail themselves of government subsidies and tax credits for installing solar solutions. Unless Congress renews them, these tax credits are set to expire in 2024.
Mr. Neyhart said that “Systems installed before the end of 2019 were eligible for a 30% tax credit. That has fallen to 26% for systems installed between 2020 and 2022. For systems installed in 2023, a 22% credit will apply. As long as a solar solution makes sense for your home, it benefits everyone involved to have one installed.”
The Growing Solar Energy Revolution
PosiGen is one of many growing solar power solutions providers across the country that are helping people lower their energy bills by installing on-site solar panels at homes and businesses. PosiGen CEO Thomas Neyhart founded his company in 2011 with a focus on democratizing access to solar power and providing custom-built solutions to low-to-middle income (LMI) communities, particularly communities of color.