Additionally, it is important to take advantage of any federal tax incentives for Solar energy. The federal Investment Tax Credit (ITC) allows homeowners and businesses to deduct a percentage of the cost of installing a Solar energy system from their federal taxes. As of 2021, the ITC provides a 26% tax credit for residential Solar systems, but this percentage is set to decrease in the coming years.
Overall, rebates and tax incentives can significantly reduce the upfront cost of installing a Solar energy system, making it a more affordable and cost-effective option for homeowners and businesses. Be sure to research and take advantage of these incentives to maximize the financial benefits of going Solar.