Some common types of Solar rebates and incentives include:
1. Federal Investment Tax Credit (ITC): This is a federal tax credit that allows you to deduct a percentage of the cost of your Solar energy system from your federal taxes.
2. State and local rebates: Many states and local governments offer rebates or incentives for installing Solar panels. These can vary greatly by location, so it’s important to check what is available in your area.
3. Net metering: Net metering allows you to sell excess electricity generated by your Solar panels back to the grid, offsetting your electricity costs.
4. Solar Renewable Energy Credits (SRECs): Some states have programs that allow Solar panel owners to earn credits for the electricity their system produces, which can be sold for additional income.
5. Property tax exemptions: Some states offer property tax exemptions for Solar panel installations, reducing the overall cost of going Solar.
6. Solar grants: Some states or local organizations offer grants to help offset the cost of installing Solar panels.
7. Solar loan programs: Some states offer low-interest loans or financing options specifically for Solar energy projects.
It’s also worth noting that some utilities offer their own rebates or incentives for installing Solar panels, so it’s worth checking with your utility company as well.
