Some examples of state and local Solar incentives include:
– Solar Renewable Energy Credits (SRECs): Some states offer SRECs as a way to incentivize the generation of renewable energy. Solar system owners can earn SRECs for each megawatt-hour of electricity their system generates, which can then be sold on the open market.
– Property tax exemptions: Some states offer property tax exemptions for Solar installations, reducing the overall cost of going Solar for homeowners.
– Sales tax exemptions: Some states exempt Solar equipment purchases from sales tax, making it more affordable for homeowners to invest in Solar energy.
– Net metering: Many states have net metering policies that allow Solar system owners to receive credits on their utility bills for excess electricity generated by their Solar panels that is fed back into the grid.
– Performance-based incentives: Some states offer performance-based incentives that provide payments based on the actual electricity production of a Solar system over time.
– Low-income Solar programs: Some states offer special programs to help low-income households access Solar energy, such as discounted installation costs or financing options.
These are just a few examples of the types of Solar rebates and incentives that may be available at the state or local level. It is important to research what programs are available in your area and take advantage of any financial incentives that can help make Solar energy more affordable for you.
