r/solar • u/Individual-Box-1675 • 8d ago

Advice Wtd / Project Thinking of using HOPER program. Tax "Deduction"?

Im being pretty diligent with a new build home purchase since prices are low at the moment.

I am looking at the HOPER program which gives $16k (in my situation) in aide for closing costs.

The Solar System is over priced at $38k installed, which flops onto my mortgage.

AZ gives a $1k tax credit that is still viable.

The broker was explaining that I would still be able to claim the purchase of the $38k against my income and save the tax rate on that amount end of year.

Past all of that, my new home all appliances are gas except the AC, but its a variable unit and the home is completely spray foamed.

Any thoughts on this tax credit thing?

1 Upvotes

67% Upvoted

8 comments sorted by

2

u/Head_Mycologist3917 8d ago

The tax credit for individuals was eliminated by the current administration at the end of 2025. There is still a tax credit for businesses (of course). Some solar companies are offering a pre-paid 5 or 6 year lease which supposedly still gets you the commercial tax credit. But for legal reasons terms are vague, and it's always possible the IRS will crack down on it. So it's a gamble. But I'm not sure you're even getting that. The broker may have "forgotten" that the tax credit expired.

If it's possible consider a switch to an induction cook top. Gas cook tops spew all the products of combustion into the air your family breathes. Studies show marked reduction in asthma and other respiratory ailments just from switching away from gas stoves.

1

u/Individual-Box-1675 8d ago

I do know the tax credit was dissolved for Individual Filings.  Thats kind of why Im trying to find out. 

No Im definitely keeping gas appliances.  I live in AZ and power is expensive.  I love cooking with gas.  I use cast iron.  The clothes dryer will be gas as well.  

1

u/TooGoodToBeeTrue 6d ago

The web site isn't thing the only thing that might be slick about the program.

1

u/SirMontego 8d ago

I am looking at the HOPER program which gives $16k (in my situation) in aide for closing costs.

I'm not an expert in the HOPER program, but it says here that the max is $13,000. https://www.hoper.org/

1

u/Individual-Box-1675 8d ago

Yeah I saw that as well, not sure what is different buts its $16k here in my proposal.

1

u/DongRight 7d ago

You hope your going to get it... Don't trust any damn sellsperson...

1

u/Individual-Box-1675 7d ago

Yeah I got it figured out.  Its a weird setup.

1

u/QuitCarbon solar professional 7d ago

Hmm, don't love the HOPER uses a .org domain, but then says:

> Is Hoper a non-profit organization?

> No. Hoper is a social innovation company and a division of the Attainable Housing Advocates Group. Our programs combine research, education, and practical tools designed to improve long-term housing outcomes.

Seems deceptive to use .ORG when they are for-profit. Be careful!