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OWN YOUR POWER! 615.617.6470

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OWN YOUR POWER! 615.617.6470

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federal tax credit

How to Protect Yourself from Soaring Utility Bills

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If your utility bills seem high now, the reality is they are only going to climb higher. Across the country, electricity prices are rising faster than inflation, and experts warn this trend is not slowing anytime soon.

The average American family now spends nearly $784 on electricity during the summer months, making it one of the costliest seasonal expenses in more than a decade, according to The U.S. Sun. For homeowners and businesses, these costs are only adding to already strained monthly budgets.

So how can you protect yourself?

Here are six ways to understand the problem and take control of your energy future.

1. Electricity Prices Are Outpacing Inflation

Seasonal energy bills are climbing higher than ever, and long-term rates show no sign of slowing down. Because electricity costs are rising faster than the overall cost of living, utility bills now consume a bigger share of household budgets than they did just a few years ago.

2. Why Energy Costs Keep Rising

There are several key drivers:

  • Rising natural gas prices that fuel much of the grid
  • Costly infrastructure upgrades utilities pass on to customers
  • Growing demand from EVs and AI data centers consuming vast amounts of electricity
  • Frequent extreme weather straining an already fragile grid (The Wall Street Journal)

Without change, these forces will keep pushing bills higher every year.

3. Generate Your Own Power with Solar

Solar gives homeowners and businesses a way to fight back. By producing your own electricity, you can reduce dependence on utilities and cut costs by up to 75% or more. Utility rates will continue to rise, but solar offers stable and predictable savings.

4. Save More While Adding Property Value

Solar is more than a way to lower energy bills. It is also an investment that strengthens the value of your home. According to a 2019 Zillow study, houses with solar sold for an average of 4.1% more than those without. By 2024, that premium grew to 6.8%, showing how much more buyers are now willing to pay for homes equipped with solar. These benefits can increase depending on your location, making solar one of the smartest upgrades you can make.

On top of this, the 30% federal tax credit helps offset installation costs. But ACT FAST, as that is going away by December 31, 2025.

5. Protect Yourself with Battery Storage

Solar plus battery storage provides true energy independence:

  • Store extra energy for nighttime or peak hours
  • Power your home during outages
  • Avoid the noise and hassle of generators

Unlike generators, batteries are quiet, clean, maintenance-free, and ready whenever you need them. With grid instability and severe weather becoming more common, batteries provide both financial and practical protection.

6. Stabilize Your Energy Future

Every dollar you hand over to the utility is money you will never see again. With solar, you are investing in your own power instead of paying for someone else’s. That means you get to control your costs, gain reliable backup power, and add real value to your home.

The benefits go far beyond monthly savings:

  • Locked-in energy costs that shield you from future rate hikes
  • Greater property value that grows over time
  • Peace of mind knowing your home is protected from outages
  • Cleaner, more sustainable power for your family and community

When you invest in solar, you are not just lowering bills today. You are protecting your family from decades of unpredictable utility costs and leaving behind a cleaner, more secure future.

WHY RENT YOUR POWER? You OWN YOUR HOME; why not OWN YOUR POWER?

Why Choose ReNew Solar Solutions?

At ReNew, we believe solar should be simple, reliable, and built for the long term.

Here is why Tennessee homeowners & businesses trust us:

  • Lifetime Craftsmanship Warranty that exceeds industry standards
  • White Glove Service & Performance Guarantee — the only solar company in Tennessee offering this
  • In-house installation teams for consistent quality, never subcontractors
  • Pearl Certification on all residential projects, placing us in the top 1% nationwide
  • EnergySage Tennessee Installer of the Year two years running
  • Expertly engineered systems using premium components for long-term savings

Experience the ReNew difference. Schedule your free consultation today.

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The “One Big Beautiful Bill” Just Passed. Here’s What It Means for the 30% Residential Solar Tax Credit…Why Homeowners Must Act Now!

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On July 1, 2025, the U.S. Senate passed the “One Big Beautiful Bill,” a major piece of President Trump’s policy agenda. While the bill spans a wide range of topics, one of its most serious effects is the expected phase-out of the 30% federal residential solar tax credit, also known as Section 25D.

For years, this solar tax credit has helped homeowners reduce the cost of solar panel installation by covering up to 30% of total system costs.  It has been a major driver of clean energy adoption nationwide. But now, that benefit is at risk.

News reports from BBC News, CNN, and Politico, a respected outlet specializing in political and policy reporting explain how the bill rolls back clean energy tax incentives. In its analysis, Politico notes that the Senate version “phases out clean energy tax credits more gradually,” but still marks a clear retreat from support for residential solar and wind. Meanwhile, the Associated Press reports that the legislation “dismantles climate law passed by Democrats,” including the key solar credit that has helped drive U.S. solar installations for more than a decade.

The full text, listed as H.R. 1 on Congress.gov, confirms the Senate passed this bill on July 1, 2025.

What This Means for Homeowners

If you’ve been thinking about switching to solar, this could be your last real chance to make the most of current federal support. Waiting too long could cost you thousands in lost incentives and leave you vulnerable to long-term utility rate hikes.

Here’s what’s at stake:

  • Loss of the 30% federal solar tax credit after 2025. Homeowners who don’t act this year will lose out on a 30% net reduction in their investment in Solar.
  • Rising utility bills with no relief in sight. Energy rates are climbing steadily across the U.S., and without solar, households remain vulnerable to future spikes.  In fact, with the passing of this bill, utility bills are expected to increase dramatically, as the supply of power will be reduced at a time when demand is skyrocketing!
  • Fewer pathways to energy independence. Solar provides homeowners the ability to produce their own power and reduce reliance on aging and fragile energy infrastructure.  Many homeowners have come to the realization that they relinquish control of the electricity that powers their most important asset – their home.  Homeowners want to stop renting their power – they want to OWN their power!

The current policy shift makes it clear that solar incentives will not remain at their current levels for long. Those who act now can still secure the full 30% federal tax credit before changes take effect.

Your Opportunity to Act Is Now

Despite this legislative setback, there’s still a window of opportunity for homeowners to move forward. Partial or full payment against a solar system before December 31, 2025 will qualify for the full 30% incentive.

At ReNew Solar Solutions, we are prioritizing fast-tracked consultations and project timelines to help Tennessee homeowners claim the maximum available benefit. Our team is committed to guiding you through every step evaluating your home’s solar potential, outlining your exact cost savings, and ensuring that your installation qualifies under the current rules.

You can take the first step today by scheduling a free 30-minute consultation. During this call, we’ll walk you through your solar goals, explain how the Tennessee Solar Program works, and introduce you to our company and the technology we use. We’ll also outline the tax incentives currently available and the key deadlines you’ll need to meet to qualify for the full federal solar tax credit. It’s a straightforward, no-pressure conversation designed to help you make an informed decision about your energy future. Call the most Trustworthy solar company in Tennessee TODAY!

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Why Choose ReNew Solar Solutions?

ReNew Solar Solutions offers more than just solar installations. We provide long-term energy strategies backed by expert guidance, high-efficiency technology, and a commitment to lasting value. Our systems are engineered to perform for decades, with every installation supported by LIFETIME craftsmanship and a track record of customer trust.  ReNew Solar Solutions is the only Tennessee Solar company to provide a solar production performance guarantee!

In Summary

The passing of the “One Big Beautiful Bill” represents a significant shift for residential solar policy in the U.S. The 30% federal tax credit, a key incentive that has made solar affordable for millions, is now on its way out. Homeowners who move quickly can still take full advantage of the benefit before it disappears.

If you’ve been considering going solar, NOW is the time to ACT before the cost of waiting becomes permanent.

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