Solar rebates are an easy way to reduce your cost of going solar.
Rebates are incentives you receive upfront when you install solar panels for your home. States and utility companies can provide rebates at a fixed flat rate regardless of the size of your system. Other utility rebate programs will depend on the size of your home’s system - the amount of kilowatts (kW) you installed for your home.
Solar rebates are usually locally-based incentives, so your eligibility will be based on where you live.
We recommend you speak with several solar installation companies and ask them to help you find rebates available in your local area.
Local utility rebates may require you to submit detailed information about your solar system design, equipment, cost, and even about your solar installation company. Your solar installer can help you with the application process or apply for these rebates on your behalf.
Once your application is approved, you will receive a rebate to reduce the cost of your home’s solar system. In most cases, rebates or any other subsidies provided by your utility company to install a solar system for your home are excluded from your federal income taxes.
State rebates are similar to utility rebates in that they require you to submit detailed information about the design and equipment of your home’s solar system. This is another type of rebate where your solar installer can help you with the application process.
State government rebates will reduce the cost of going solar, but do not impact or reduce the amount of your federal solar tax credit.
Solar Equipment Manufacturers will offer rebates to customers who purchase and install their products. You can usually apply for these rebates on the company’s website. Each company has different requirements, but you should typically expect to provide proof of your installation and verification from your utility company that your system is installed and working
Cash rebates can reduce your cost of going solar by as much as 10-20%, but these rebates are usually available for a limited time and will end once a specific amount of solar systems are installed in a specific geography.
Cash rebates can be offered by your utility company, state, or local city government to encourage homeowners to go solar.
The Database of State Incentives for Renewables and Efficiency (DSIRE) is a comprehensive database for homeowners to search for and find solar energy incentives in their individual state and across the country.
If you’re considering going solar, you have most likely heard about the federal solar tax credit. The investment tax credit (ITC), which is frequently called the federal solar tax credit, allows you as a homeowner to deduct 30% of the cost of installing your solar system from your federal taxes.
Read ArticleGoing solar is a significant investment, but it is also one of the smartest investments you can make as a homeowner. If you are researching how to go solar, you have most likely read about the different state and federal solar tax credits available to homeowners.
Read ArticleSolar rebates are an easy way to reduce your cost of going solar. Rebates are incentives you receive upfront when you install solar panels for your home. States and utility companies can provide rebates at a fixed flat rate regardless of the size of your system. Other utility rebate programs will depend on the size of your home’s system - the amount of kilowatts (kW) you installed for your home.
Read ArticleAccording to the U.S. Department of Energy, a home’s resale value increases by $15,000 when a solar system is installed. Most states offer solar property tax exemptions as an incentive for homeowners to go solar. Solar Property Tax Exemptions remove the added value of a solar system from the valuation of your home for tax purposes. While the value of your home increases due to installing solar, your state property taxes will be for the pre-solar value of your home which is lower.
Read ArticleYou may have read about or come across the term “net metering” while researching if you should go solar. Net metering allows you to sell surplus energy produced by your home’s solar panels back to your utility company. It is essentially a billing tool that uses the electric grid to store surplus energy generated by your home’s system.
Read ArticleMany homeowners are currently asking themselves “Should I go solar?” The cost of switching to solar has dropped 70% over the past decade while the average utility bill has increased by 15%. The huge drop in price along with the many tax credits, rebates, and other financial incentives available to homeowners has made solar into an attractive option.
Read ArticleOver 1 million homeowners in the United States have made the switch to solar this past decade and that number is expected to reach almost 14 million (1 out of every 7 homes) by the end of this decade. If you’re one of the many homeowners who plan to go solar, we recommend you follow this process to convert your home to a solar power home.
Read ArticleWe recommend that you do research about potential solar installers before you schedule a meeting with them. This will save you a lot of time and ensure that you are speaking with a solar installer who you can trust.
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