Some examples of state and local Solar funding programs include:
1. Solar Renewable Energy Credits (SRECs): Some states have SREC programs that provide financial incentives to homeowners, businesses, and other entities that generate Solar energy. Participants can earn SRECs for every megawatt-hour of electricity produced by their Solar power system, which can then be sold on the open market.
2. Property Assessed Clean Energy (PACE) financing: PACE programs allow property owners to finance the cost of installing Solar panels and other energy efficiency upgrades through a special assessment on their property tax bill. PACE financing can make Solar power more affordable by spreading out the upfront costs over time.
3. Low-income Solar programs: Some states and local governments offer incentives specifically for low-income households to install Solar panels. These programs may provide grants, rebates, or financing options to help lower-income families access the benefits of Solar power.
4. Community Solar programs: Community Solar projects allow multiple participants to share the benefits of a single Solar power system. These programs can be a good option for renters, homeowners with shaded roofs, or others who may not be able to install Solar panels on their own property. Participants typically receive credits on their electricity bills for their share of the Solar energy produced.
5. Solarize campaigns: Solarize programs are community-led initiatives that help homeowners and businesses in a specific area go Solar together. These campaigns typically offer group discounts on Solar installations, as well as educational resources and support to help participants navigate the process of going Solar.
Overall, these state and local funding programs can help make Solar power more accessible and affordable for a wider range of residents and businesses. By taking advantage of these incentives, individuals can reduce their energy costs, support renewable energy development, and contribute to a more sustainable future.
