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The Benefits of Solar Panels for Your Home

Interest on a HELOC is only tax-deductible if the funds are used to buy, build or substantially improve the taxpayer’s home that secures the loan—and a solar panel installation would qualify. You may be able to get additional tax incentives if you itemize your return, too.

However, if you’re planning to install integrated solar panels, prepare to deal with the lowest efficiency rate among the solar panel options, often reaching only 6-17% of the efficiency rate.