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A Complete Guide to Murphy Beds

May 30, 2022

 

Small apartment, one-room with parquet floor, home workplace with desk in white living room, Murphy bed, office in minimalist style, modern architecture interior design concept

Did you know that the first Murphy bed came out in 1900 in San Francisco, California? Murphy beds are some of the most versatile beds out there when you need a new bed because they fold up when they’re not in use. They’re the best bed options for small apartments or homes that need versatile rooms that double as guest bedrooms.

If you’re interested in getting a Murphy bed for your home then it is important that you know about the different types of Murphy beds and all of your Murphy bed options when it comes to the sizes of the beds. The good news is that you’re in the perfect spot to learn more about your new Murphy bed.

Keep reading this article to learn more today!

What Are Murphy Beds?

Murphy beds are also known as wall beds, and they’re a great option in today’s world of super small apartments and minimalist lifestyles. They allow you to fold them up into the wall or into a cabinet area when you’re not using them, but they’re easy to fold down when you need an extra bed in your home.

They’re also great because you can fold them up without getting rid of the blankets, sheets, and pillows. They’re convenient and versatile, making it easy to host guests or stow your bed when you need extra space for work or getting exercise.

If your living space has limited floor space then it is a great idea to look at your bed options like the Murphy bed. You can make the most of your living space by getting a bed from wilding wallbeds.

Murphy Bed Materials

There are many materials that get used for different Murphy bed options, and each material brings something different to the table. The most iconic option for a Murphy bed is a wooden bed. These wooden wall beds come in a ton of different tones and finishes that will go with your decor with no problems.

Another perk of going with a wooden Murphy bed is that they tend to look unassuming when they’re stowed in your home. You can disguise them as a number of different pieces of wooden furniture.

Metal Murphy beds are another popular option, but you need to remember that they’ll be much heavier than a wooden Murphy bed. If you’re looking for an industrialist or minimalist aesthetic for your bedroom then you should definitely consider your metal Murphy bed options.

Upholstered Murphy beds have also grown in popularity over the past few years. These Murphy beds come in the form of a sofa with wood housings. They add a glamorous appeal to your living space that metal Murphy beds can’t match.

Try Out Murphy Beds at Your Home

Murphy beds have been around for more than 120 years and they’re growing in popularity in the 21st century. They allow you access to a versatile and comfortable bed while also giving you plenty of floor space to enjoy at your home. Best of all, they’re classy and will last you for years to come.

For more helpful articles that are similar to this one, check out the rest of our website today!

Filed Under: Tips

How to Turn an Unhappy Customer Into a Loyal One

May 24, 2022

 

The best way to turn an unhappy customer into a loyal one is to give them an amazing customer relationship. This means going above and beyond to make sure they are happy with their purchase.

If they are not happy, do whatever it takes to make it right. This could mean giving them a refund, a replacement product, or whatever else it takes to make them happy.

You will persuade them into dedicated customer loyalty if you show that you care about their satisfaction.

Traits of an Unhappy Customer

It’s not difficult to turn an unhappy customer into a loyal one. By following a few simple steps, you can quickly turn a negative customer experience into a positive one.

Here are a few things to keep in mind when trying to turn an unhappy customer into a loyal one:

  • Always remain calm and professional. This is not the time to get defensive or argue with the customer.
  • Listen to the customer’s concerns and take them seriously. Show them that you’re willing to work to resolve the issue.
  • Thank the customer for bringing the issue to your attention.
  • Take action to resolve the issue as quickly as possible.

How to Identify an Unhappy Customer

If you can identify an unhappy customer, you can take steps to turn them into a loyal one. First, find out what the problem is and address it immediately.

If the problem is with the product or service, offer a replacement or refund. If the problem is with the customer service they received, apologize and offer to make it right. Finally, thank the customer for their feedback and let them know you value their business.

Businesses may demonstrate to their consumers that they care about their satisfaction and are willing to work with them to resolve any issues that may arise by adopting these actions.

What to Avoid When Trying to Turn an Unhappy Customer

If you find yourself in the position of having to turn an unhappy customer into a loyal one, avoid making the following mistakes. First, do not try to placate the customer with promises you cannot keep or by offering something that is not related to the problem.

Next, do not make excuses or try to blame someone else for the problem. Third, do not get defensive or try to justify the situation.

And lastly, do not try to end the conversation without first addressing the issue. Instead, take responsibility for the problem, show genuine concern, and offer a solution.

You may change an unsatisfied customer into a client loyalty one by following these methods.

In this blog post, you’ll learn how to engage customers at each and every point of their buying process and determine them on whichever site they like.

Putting It All Together

The best way to turn an unhappy customer into a loyal one is to always be available to them and listen to their concerns. Take corrective action immediately and stay in communication with them until the situation is resolved.

Offer them some kind of compensation for their inconvenience to show them that you value their business. Finally, express your appreciation for their feedback and let them know that you will use it to improve your business.

If you want to learn more about how to turn an unsatisfied consumer into a loyal one, visit the rest of our blog.

Filed Under: Tips

Best Cities for Real Estate Investment Opportunities

May 20, 2022

Under normal circumstances, Americans move a lot. More than seven million homes are bought and sold each year.

But over the past two years, with the rise in remote work, Americans are moving even more. Working families are fleeing big, expensive cities like San Francisco, New York, and Chicago, and moving to more affordable cities (with warmer weather).

This is changing the landscape when it comes to real estate investing. The best cities for real estate investment aren’t the metropolises that dot the coastlines, but the friendlier, lesser-known cities across middle America.

So where is the best place to invest in real estate in 2022 and beyond? Keep reading below if you’re interested in investing in real estate today.

Cities in the South

In 2022, the best cities for real estate are undoubtedly in the south. Why? In large part, the weather is to thank.

Many Americans are tired of long cold winters, scraping ice off their windshields. And thanks to remote work, they can keep their well-paying jobs and move somewhere with plenty of sunshine and mild temperatures year-round.

That’s why Florida, Georgia, South Carolina, and Tennessee are always near the top of the list of the fastest-growing states. But which cities should investors pay attention to?

Jacksonville

Wondering where to invest in real estate down south? Look no further than Jacksonville, FL.

To many people’s surprise, this city in Northeastern Florida is the largest in the state.

For investors, the draw of Jacksonville is due to many factors. The population continues to grow. The economy is diverse. Jacksonville is home to a major international seaport.

Tourism in the city is high, thanks to the many beaches, state parks, and vibrant culture and entertainment sectors.

Rents are rising across this sprawling city. While you may have missed the boat on Miami, Orlando, and Tampa, now’s the time to invest in Jacksonville.

Atlanta

Atlanta is a huge city, with steady population growth. The downtown area and surrounding suburbs are still priced affordably, making it a great place to invest.

The tech market is growing in Atlanta, with many large employers (like Google) setting up office locations here.

And the city is invested heavily into making the city more enjoyable and more welcoming by improving the amount of green space, trails, and parks around the greater Atlanta area.

Pair all of that with mild year-round temperatures, and you have a market that will be in high demand for rentals for decades to come.

Memphis

Just like Miami has largely been bought up already, so too has Nashville seen its heyday for new investors. While demand for Nashville real estate is at an all-time high, it’s a very overpriced market for the average real estate investor.

Still, Tenessee is booming. And Memphis is a growing market with a prime opportunity for investors. It’s one of the best cities for real estate investing in the country right now.

Home values are much lower than in other competitive cities, allowing investors to get in at good prices. But appreciation rates are high, making it a great time to lock in purchase prices.

Yet rents are on the rise as renters compete for the best units. Read more here about rising rents in the Memphis market.

Memphis offers plenty of recreational opportunities, especially with the Mississippi River forming its western border. The job market is booming, thanks to companies like FedEx and AutoZone.

Best Cities for Real Estate Investment in the Southwest

Along with the South, the Southwest is the other region seeing a huge influx of new residents in recent years. In particular, Texas, Arizona, and Nevada are leading the exodus away from the West Coast and some northern states.

Austin

Home values are on the rise in Austin. People are flooding into Texas as a huge relief from both the economic and political troubles along the West Coast, particularly in California.

They like Austin because the city is culturally diverse. It’s eccentric, it’s vibrant, and the entertainment and arts industries in the city are second to none.

Rentals in the Austin area are in high demand, making it a great opportunity for investors looking to capitalize on sustainable city growth.

Phoenix

The Phoenix area has been booming for years. And while home values have been on the rise, it’s still a great market to get into.

Many people are fleeing areas like Seattle, Portland, and San Francisco and heading to the desert. The job market in Phoenix is remarkable, with many top employers calling it home.

And access to recreation opportunities, particularly in the mild temperatures of winter, makes this a great place for renters.

North Las Vegas

Las Vegas has had its highs and lows. But in recent years, it has experienced sustained growth.

The city is far more well-known than the Las Vegas strip nowadays. Tourism extends beyond gambling, thanks to the speedway, the Las Vegas Raiders, the NHLs Golden Knights, and world-class rock climbing and hiking.

Along with tourism-based job opportunities, the healthcare and tech industries are well known.

Other Cities to Consider

While many cities that are prime for real estate investment are in the warm southern states, a few are scattered across the north. Here are a few favorites for investors.

Boise

Boise flew under the radar for much of the last decade. But the secret is out. People are moving to Boise in droves, home prices are climbing, and investors are trying to get into the market.

When people want access to pristine recreation opportunities, but don’t want to sweat down south, they move to Boise.

Charlotte

Another city off of most investors’ radars has been Charlotte, North Carolina. But the city has experienced impressive population growth, good job growth, low unemployment, and sustained appreciation.

Home prices in the Charlotte area are still modest, while rents are increasing.

Charlotte is home to one of the most important banking systems in the country, leading to many high-level finance jobs. It’s also an East Coast transportation hub.

It’s an ideal location for those looking to flee the harsh, northern winters without the excessive summer heat of more southern states. Access to mountains in the west and coastline to the east make it a great place for residents.

Start Investing Today

Of course, this is an incomplete list of the best cities for real estate investment. There are many other good examples of cities to invest your money in for the long term.

In terms of opportunities for 2022 and the coming few years, it’s hard to beat these cities, however.

Looking for more tips like this? Visit our blog now to keep reading.

Filed Under: Tips

Your Complete Bathroom Remodel Timeline

May 19, 2022

 

Drawing renovation of a luxury bathroom estate home shower

Did you know that a new bathroom suite could add as much as $50,000 to the value of your home? It’s undoubtedly a wise investment, even if you aren’t planning on putting your house on the market soon.

But bathroom renovations can cause disruption, so it’s essential to plan. The first thing you’ll want to establish is the typical bathroom remodel timeline. Here is our quick guide on what to expect.

Measure Up and Budget (1 week)

Before you can begin work, you need to decide on the look of your bathroom remodel. Shop around for bathroom suites and measure up the space. Make a special note if you plan on moving any plumbed fittings around.

Get Quotes (1-2 weeks)

You’ll need to know the likely bathroom remodel cost for the work.

So it’s time to seek out shortlisted contractors, arrange for them to visit your home, and get them to supply a quote. When getting the estimate for your bathroom remodeling, ask them to provide timescales.

Choose a Contractor (1-2 weeks)

Once you’ve chosen your preferred contractor from your shortlist of bathroom remodelers, ask them about lead times before they can start work. Also, sign a contract that includes an agreed deadline.

Order Materials (1-8 weeks)

You might order the materials and bathroom suite yourself, or you might prefer to get your contractor to do it. Always check lead times on items, especially if you are ordering overseas.

Some suites might have a delay of several months. You could be better off choosing a slightly different design in those circumstances.

Strip Out the Old Bathroom (1 week)

The first task your contractor will do is strip out your existing bathroom suite. You should check with your contractor about whether they will arrange for this to be taken away and disposed of or if they expect you to do it.

You’ll need to book this disposal work so that you aren’t level with an old suite taking up storage space in your home.

Plumbing and Electrical Work (1 week)

Plan a small bathroom remodel for a speedy timescale by replacing an old suite with a new one with an identical layout. The plumbing will be pretty straightforward.

However, suppose you want a complex remodel. In that case, layout alternations will take more time and involve moving around pipes below the floor.

Don’t forget that if you want new features like heated towel rails, you should allow extra time for the plumbing and wiring.

Bathroom Fitting (1-2 weeks)

Now it’s time for your contractor to fit your new suite.

The average timescale for this part of the job is 1-2 weeks, but you’ll need to stay on top of things to keep this on track. Your timeline could get delayed if the contractor finds they need to order a missing component.

Tiling and Decor (1 week)

Once your contractor has installed your suite, you’ll need to allow time to get the decoration complete.

Most people choose tiles for the walls, so allow several days to a week depending on the size of your bathroom. Don’t forget to allow time to paint walls and install new flooring.

The Bathroom Remodel Timeline

As you can see, the typical bathroom remodel timeline is several months from start to finish. But if you are flexible on design and layout, you could get it done sooner.

We have more home remodeling tips if you now head over to our lifestyle section.

Filed Under: Tips

How to Choose a Hardwood Floor Color

May 9, 2022

 

Are you aware that the flooring market is expected to reach a value of almost $520 billion within the next 6 years?

Choosing the right hardwood floor color is one of the biggest decisions you can make within your home because it affects the whole atmosphere. If you pick something that doesn’t mesh with the rest of the decor and general style, then it’ll always feel wrong.

Are you wondering what to consider so you can make the best decision possible? Keep reading to learn all about how to choose a hardwood floor color.

What’s the Lighting Situation?

When it comes to hardwood floor options, it’s worth considering the type of lighting the room favors. For instance, a room that has plenty of windows and natural lighting can pair well with a darker floor color. The sunlight will create an eye-popping contrast that you won’t get with a lighter floor tone.

Some rooms don’t get much natural lighting so it’s important to keep them well-lit with one or more lamps. In this situation, lighter flooring colors can compensate for the lack of natural sunlight by making the atmosphere feel brighter and more vibrant.

Don’t forget to look into the hardwood floor refinishing cost.

How Large Is the Room?

Yet another factor to consider when picking hardwood flooring colors is the size of the room in question. If you’re working with smaller rooms, then you can fight against feelings of claustrophobia by going with a lighter floor color. Light colors can make even the smallest room feel more open.

You might have one or more large rooms. Spaciousness is always welcome but sometimes it can be almost as overwhelming as a tiny room. The good news is that you can add a dimension of coziness to even the biggest rooms by opting for a darker floor color.

What Decor Are You Going With?

Aside from different hardwood flooring types, there’s also the matter of the decor style. Not all items will complement a dark hardwood floor like they would a lighter one and vice versa.

From the type and color of furniture you have to the pieces of art on the wall, everything should be compared and contrasted. Feel free to make adjustments to your decor if you’ve fallen in love with a particular shade of floor color. Experimenting can go a long way toward finding harmony within your home.

Are You Ready to Choose the Perfect Floor Color?

Now that you’ve learned how to choose a hardwood floor color, you can feel more confident with your final decision. Once everything’s done, be sure to celebrate the event with a little party. Your friends and family members are going to fall in love with your choice.

Are you passionate about design, home, and lifestyle? Our blog is dedicated to posting in-depth articles on these topics. One of the easiest ways to ensure you don’t miss new posts is by saving our site in your browser’s bookmark bar.

Filed Under: Tips

3 Reasons To Hire a Savannah Roofing Company

May 9, 2022

 

Asian tile roofing workers, smiling at the camera, lifted their thumbs to indicate the stability of the roof.

Roofing: it’s a pretty important part of your home. You need to make sure that you don’t neglect it.

There are a lot of potential roofing problems you might spot in your Savannah home and many installation issues you may face. However, when it comes to roofing, it’s typically best to hire professionals to take care of installations, replacements, and repairs.

Here are 3 reasons why you should hire a professional Savannah roofing company.

1. You’ll Benefit From Their Expertise and Experience

One of the top advantages of hiring a Savannah roofing company for residential roof repair is that you’ll benefit from superior expertise and experience.

Trying to handle all the work on your own is a recipe for mistakes and can also be dangerous. If you don’t know what you’re doing, you’ll have a tough time fixing the problems on your roof and ensuring that the job is done successfully. You may even cause more issues than you solve.

Relying on professionals to do the roofing work for you will help ensure that the job is done to perfection. In addition to this, you can also get a warranty on any roofing work that will be completed and this can help give you peace of mind.

2. They’ll Use the Best Materials

Another major perk of hiring a professional Savannah roofing company is that they’ll use high-quality materials. Professional roofers can help you choose the most long-lasting roofing materials to use.

Professional roofers can also help you choose materials that will be sure to withstand the weather conditions that are prevalent in your region. They will have the experience and the expertise to tell you exactly what will be suitable for your home. It can be tough to choose all the different materials that you need to use for your roof, so it can be helpful to rely on proven expertise.

On top of this, you’ll often get access to discount roofing materials when hiring a professional roofer as opposed to going to a local retail store on your own. Roofers will buy in bulk and will have better access to materials than you’re likely to have.

3. Roofing Work Will Be Faster and Cheaper

When hiring roofing services in Savannah, your roofing job will also get done more efficiently and cost-effectively.

If you try to complete roofing work on your own, it can be easy to run into problems and get bogged down. You may not work as efficiently as a professional would and you may run into problems that they wouldn’t run into. If there are a lot of new things that you need to learn, you may go at a snail’s pace.

In addition to this, DIY roofing work can be costly as well. Time is money and you may also need to buy new tools to perform the work as well.

When you hire professional roofers instead, the work will get done quickly and efficiently. Roofers will know exactly what they’re doing at every moment. They’ll also have all of the tools at their disposal already to get the job done quickly and efficiently.

Making the Decision to Hire a Savannah Roofing Company

If you want to repair or replace a roof, hiring a Savannah roofing company is a very good idea. By doing so, the roofing work will get done efficiently and you’ll benefit from their years of experience and expertise.

Searching for more helpful home improvement tips and advice? Read through our blog now to find more helpful home guides.

Filed Under: Tips

How to Design a Backyard Patio: A Guide for Homeowners

April 28, 2022

 

A recent study found that almost 50% of American homeowners want their yards to be the best on their block. If this sounds like you then designing a patio could be the thing to help you stand out from the crowd.

An outdoor space is a terrible thing to waste. If you’ve got a backyard that’s not living up to its full potential then you should think about changing this. Summertime is fast approaching and spending as much time outside as possible is a must.

With this in mind, this guide will teach you how to design a backyard patio that’s perfect for your home. Read on for everything you need to know.

Consider Your Space

Before you make any plans or get any ideas for your patio there’s one important thing you need to do. You need to take measurements of your outdoor area. If you’ve got a particularly compact or expansive space this is something you’ll need to take into account in your design.

If you’ve got a smaller area to work with then less is more. You don’t want it to seem cluttered and overcrowded.

On the other hand, if you’ve got plenty of room you can consider furnishing a patio with larger pieces of outdoor furniture or even a whole set. Something like this collection could work well: https://www.harborclassic.com/collections/rope.

Be Consistent in Your Styling

This rule applies to all forms of interior design and patio design is no different. When you’re designing a patio you want to pick a theme and stick to it. This will make all of your design decisions seem more intentional and create a feeling of cohesiveness within the space.

Whether you want it to be classic and warm or sleek and modern once you pick a look commit to it. If you don’t none of your choices will make as big an impact.

Choose Pieces That Will Last

After all the effort you put into designing your dream patio you’ll want to be able to enjoy it for a while. What you don’t want is to end up having to replace everything in a matter of years.

Patio furniture and soft furnishings have to work a little harder than regular furniture because they’re made to be outside in the elements. That’s why it’s so crucial you choose pieces that are robust and that you’ll be able to use for many years to come. To this end, you should also always enquire about the terms of the warranty when you’re purchasing any larger items.

How to Design a Backyard Patio You’ll Love

We hope this guide has been successful in showing you how to design a backyard patio that will fit perfectly into your home. There’s nothing nicer than being in nature and a beautiful patio can help encourage you to spend as much time outside as possible. If you’re in need of more interior design tips, don’t forget to check out some of our other articles on the topic.

Filed Under: Tips

3 Ways to Improve Financial Wellness and Employee Satisfaction

April 18, 2022

 

The happier your employees are the better work they’re going to do and the longer they’re likely to want to stay with your company. There are lots of things you can do to keep your employees happy but addressing their financial wellness is a great place to start. Did you know that over 70% of Americans told a recent survey they had felt stressed about money at some point in the previous month?

Financial stress is a huge issue affecting Americans today and if this is something you can potentially help your employees with then why wouldn’t you? To learn how to increase your employee satisfaction and improve their financial well-being, read on.

1. Offer Generous Benefits

While you’re always going to be worried about your company’s bottom line it is important that you’re paying your employees a satisfactory wage and offering what benefits you’re able to. Things like retirement plans, healthcare, seasonal bonuses, and share option plans can all greatly help to ease financial worries your employees may be having while also encouraging greater levels of employee satisfaction and loyalty at your company.

It is also a nice gesture to agree to revisit your employee’s wages on a regular basis. They might have earned a higher salary through hard work but you may also simply want to adjust for inflation.

2. Education Is Key

When you think about what causes financial stress, a lot of the time the answer is a lack of financial literacy. Some people were never given the tools to make smart financial choices and this puts them at an automatic disadvantage when it comes to financial management.

This is why it can be a nice gesture to offer some form of an educational seminar about money management or access to personalized financial guidance. These are the kinds of things that will really benefit your employees in the long run.

3. Offer Help When They Need It

Something else that can ease financial stress? Knowing that you have access to help when you need it. Living without a financial safety net can be an especially scary feeling.

But did you know there are ways that you can offer extra assistance to your employees at no extra cost to yourself? Things like earned wage access can be helpful to those employees who need money before payday. If you’re interested in further reading on this topic you’ll find more info here.

Promote Financial Wellness Among Your Employees

As the entity paying your employee’s wages, there is so much you can do to help improve their financial wellness. Start by implementing a few of the above tips. You might be surprised by how big an impact they can have.

If you’d like to read more about how you can help promote financial health within your organization, we’ve got lots of content on this very topic. Check out the rest of our site now.

Filed Under: Tips

5 Popular Furniture Materials Homeowners Love

March 30, 2022

 

In the United States, there are over 500,000 people employed in the furniture industry. This is because of the variety of materials and incredible demand for quality furniture.

There are many common furniture materials, each of which has its own advantages and disadvantages. While there is new interest in sustainable material furniture, other modern furniture materials are timeless and classic.

Certain homeowners want lightweight materials for furniture so they can easily move around from apartment to apartment with ease.

In this article, we will walk you through everything you need to know about materials and furniture and how to choose the product that is right for you.

Ash

Ashwood or hardwood is a common light texture furniture material. It can be easily bent and provide some flexibility while maintaining its primary position.

The great thing about Ashwood is that it cannot be damaged easily, so it is one of the more durable types of wood available.

Ash goes well with acrylic dining sets. You can shop for acrylic dining sets here.

Beechwood

Beechwood is also light-colored, with a strong and heavy formulation. This helps furniture makers craft a variety of sturdy pieces like beds or dinner tables.

Another unique quality of this product is its shock resistance. This means that it can handle a lot of the damage that comes with placing heavy weights on top of it.

Because of these qualities, it is very easy to obtain this material from common manufacturers.

Cherry

Cherry is one of the strongest wood materials available. You will see it often on a variety of antique furniture pieces. It comes in a reddish-brown tone and it can be easily shaped into many different styles.

Cherry wood is also likely to darken over time. This makes this type of wood more expensive and cherry is considered a rare option compared to its counterparts.

Mahogany

Mahogany is a premium hardwood material. You have probably seen rich mahogany in wood-paneled libraries with many leather-bound books. It comes in a dark brown tint with a red flavor.

Many people don’t recognize that mahogany actually isn’t that expensive due to its availability.

The downside of mahogany is that it can show debris and dust very easily, so it will need to be cleaned regularly.

Metal

For more modern styles, shifting away from wood makes a lot of sense. Metal is a much more durable material, and will never show signs of deterioration with good care. The only downside to metal is if it is used in a humid environment it may rust.

However, it is much harder than its wooden counterparts and is also flame resistant.

This will make it safer to use in and around your home. Particularly in flammable areas like a garage, metal makes a lot of sense.

Understanding Common Furniture Materials

At the end of the day, many common furniture materials and systems meet the needs of buyers. Whether you are looking for a flame-resistant and durable option like metal, or softer and more natural materials like cherrywood, there is a material to meet your needs. We recommend contacting your contractor to see which of the available options is best for your own needs.

If you like this article about the latest furniture materials, please check out the other articles on our blog!

Filed Under: Tips

What Solar Tax Form Is Used to Claim Credits?

March 29, 2022

 

For decades, many have regarded solar panels as the gold standard of green living. However, solar panels aren’t known for their affordability.

The 2010s saw tremendous improvements in solar panel efficiency and affordability. Despite these advances, though, the average solar panel price in the US remains $15,000-$25,000. So, how can you make these systems more affordable?

One way to afford solar panels is to claim the federal government’s solar tax credit. Since 2005, the federal government has offered a 26% tax credit for residential solar energy systems.

Claiming the federal tax credit for solar requires you to fill out a solar tax form. We’ll tell you everything you need to know about this credit and its tax form in the guide below!

The Federal Tax Credit for Solar Panels

First, let’s take a second to break down the federal solar tax credit. This credit began in 2005 with the Energy Policy Act.

You can claim this on your income taxes and reduce your tax liability. Since 2005, this tax credit has consisted of 26% of the cost of solar panel systems. This percentage will decrease in 2023 to 22%.

Remember, the goal of this credit is to make solar energy more affordable for the average homeowner. You can estimate how much your solar panels will save you in several ways. One method is to use a zero commitment savings report.

Your solar energy system must begin service during the current tax year to qualify for this tax season. Once you determine that you qualify, request the IRS Form 5695, also known as the solar tax form. You can request this document from the IRS website and review their instructions.

Filling Out the Solar Tax Form

Once you receive IRS Form 5695, it’s time to start filling it out. There are several things claimants must include on this form.

First, calculate the total cost of your solar power system. This cost determines how much of a tax credit you’ll receive. This information goes on line 1 of the document.

Next, add any additional energy-efficient improvements you’ve made to your home. You can include this information on likes 2-4. Add all of these additional costs to the number on line 1 and place the sum on line 5.

From there, calculate the tax credit value. Take the final figure of how much you’ve spent on energy efficiency and multiply it by .26 or 26%. Once you calculate this sum, place it on line 6.

The next step is to calculate your tax liability. Sufficient tax liability on your taxable income qualifies you to receive the full 26% credit in one year.

From there, calculate any carry-over credit. Once you’ve done so, you can enter your final credit on Form 1040. You can enter the final number on line 5 of Schedule 3.

Request Your IRS Form 5695 Today

Filing your solar tax form is an incredibly beneficial practice during tax season. So, if you’ve installed a solar panel system this tax year, take advantage of it! File your IRS Form 5695 today.

We hope you enjoyed this article! If so, check out our other content today.

Filed Under: Tips

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Hi and welcome! I’m Lenny, and this blog space is my Internet home. I write, I cook, and I design. I love to take pictures of all things food and home décor.

Recent Posts

  • Exploring Bordeaux Through the Eyes of Senior Travelers
  • 3 Signs Assisted Living Is Right For Your Older Parent
  • E-commerce Store Budget: 3 Tips for Beginners
  • 3 Tips For Setting Boundaries With Your Adult Children
  • 4 Biggest Mistakes People Make When Buying Property

Let’s Connect

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  • Twitter

Latest

Exploring Bordeaux Through the Eyes of Senior Travelers

3 Signs Assisted Living Is Right For Your Older Parent

E-commerce Store Budget: 3 Tips for Beginners

3 Tips For Setting Boundaries With Your Adult Children

4 Biggest Mistakes People Make When Buying Property

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About

Hi and welcome! I’m Lenny, and this blog space is my Internet home. I write, I cook, and I design. I love to take pictures of all things food and home décor.

LatestPost

  • Exploring Bordeaux Through the Eyes of Senior Travelers
  • 3 Signs Assisted Living Is Right For Your Older Parent
  • E-commerce Store Budget: 3 Tips for Beginners
  • 3 Tips For Setting Boundaries With Your Adult Children
  • 4 Biggest Mistakes People Make When Buying Property

Let’s Connect

  • Facebook
  • LinkedIn
  • Twitter

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