Some common types of Solar rebates and incentives that may be available include:
1. Federal Investment Tax Credit (ITC): This allows homeowners to deduct a percentage of the cost of their Solar energy system from their federal taxes.
2. State and local rebates: Many states and local governments offer rebates or grants to homeowners who install Solar panels.
3. Solar Renewable Energy Certificates (SRECs): Some states have SREC programs where homeowners can earn credits for the electricity their Solar panels generate, which can then be sold for additional income.
4. Net metering: This allows homeowners to sell excess electricity generated by their Solar panels back to the grid, offsetting their electricity bills.
5. Property tax exemptions: Some states offer exemptions on property taxes 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.
7. Financing incentives: Some programs offer low-interest loans or other financing options to help homeowners afford the upfront cost of installing Solar panels.
It’s important to research and understand the specific rebates and incentives available in your area to maximize the financial benefits of going Solar.
