Some common rebates and incentives that may be available include:
1. Federal Solar Investment Tax Credit: A federal tax credit that allows homeowners to deduct a portion of the cost of installing a Solar energy system from their federal taxes.
2. State and local rebates: Some states and local governments offer cash rebates or incentives for installing Solar panels.
3. Solar Renewable Energy Certificates (SRECs): In some states, homeowners can earn SRECs for generating Solar energy, which can then be sold for additional income.
4. Net metering: Many states offer net metering programs, which allow homeowners to receive credits on their electricity bills for excess Solar energy they generate and send back to the grid.
5. Property tax exemptions: Some states offer property tax exemptions for homeowners who install Solar panels.
6. Sales tax exemptions: Some states exempt Solar energy equipment from sales tax, reducing the overall cost of installation.
These incentives can vary greatly by location, so it is important to research what is available in your area.
