Some common types of state incentives for Solar installations include:
1. State Solar tax credits: Some states offer tax credits for installing Solar panels, which can help offset the upfront cost of the system.
2. Performance-based incentives: Some states offer performance-based incentives, where homeowners receive payments based on the amount of electricity their Solar panels generate.
3. Property tax exemptions: Some states offer property tax exemptions for Solar installations, which can help reduce the overall cost of the system.
4. Rebates for low-income households: Some states offer additional rebates or incentives for low-income households to help make Solar installations more affordable.
5. Solar renewable energy certificates (SRECs): Some states have SREC programs, where homeowners can earn credits for the electricity their Solar panels generate, which can then be sold on the open market.
It’s important to check with your state government and local energy retailers to see what incentives and rebates are available in your area. These programs can help make Solar installations more affordable and accessible for homeowners.
