Some common Solar rebates and incentives that may be available include:
1. Federal Investment Tax Credit (ITC): The federal government offers a tax credit for residential and commercial Solar energy systems, which can help offset the cost of installation.
2. State and local incentives: Many states and local governments offer rebates, grants, or other incentives for installing Solar panels. These incentives can vary widely by location, so it is important to check with your state or local government for specific details.
3. Solar Renewable Energy Certificates (SRECs): Some states have programs that allow Solar system owners to earn SRECs for the electricity their system generates. These certificates can be sold on the open market, providing additional income for Solar system owners.
4. Net metering: Net metering allows Solar system owners to receive credit for the excess electricity their system generates and feeds back into the grid. This can help offset electricity costs during times when the Solar system is not producing electricity, such as at night.
5. Property tax exemptions: Some states offer property tax exemptions for Solar energy systems, which can help reduce the overall cost of installing Solar panels.
6. Energy-efficient mortgages: Some lenders offer energy-efficient mortgages that can help finance the cost of installing Solar panels or other energy-saving improvements to a home.
Overall, taking advantage of Solar rebates and incentives can help make Solar energy more affordable and accessible for homeowners and businesses. It is important to research and understand the available incentives in your area to maximize the financial benefits of going Solar.
