Carnegie Mellon University

Vaishnav quoted on solar panel installation

In a New York Times article about solar panel installation tax breaks, Engineering and Public Policy Assistant Research Professor Parth Vaishnav was quoted about the payback period for those choosing to install solar panels.

The article explains how the investment tax credit for installing a solar energy system, currently at a 30 percent deduction from your tax bill, is set to be reduced to 26 percent next year and phased out by 2022. The price of installation even with the tax credit is still high, running from $10,850 to $14,200, but Vaishnav says that in addition to an increase in home value, “The system will actually pay for itself in a reasonable amount of time.”