Some common types of Solar rebates and incentives that may be available include:
1. Federal Solar tax credits: The federal government offers a tax credit for a percentage of the cost of installing a Solar energy system. This credit can help offset the upfront costs of going Solar.
2. State and local rebates: Many states and local governments offer rebates or incentives for installing Solar energy systems. These can include cash rebates, performance-based incentives, or grants.
3. Solar renewable energy certificates (SRECs): Some states have SREC programs where homeowners can earn credits for the Solar energy their system produces. These credits can then be sold on the market, providing additional income for Solar system owners.
4. Net metering: Net metering programs allow Solar energy system owners to earn credit for the excess electricity they generate and send back to the grid. This can help offset electricity costs when Solar production is low, such as at night.
5. Property tax exemptions: Some states offer property tax exemptions for Solar energy systems, reducing the overall cost of going Solar.
6. Solar rebates for low-income households: Some states offer additional incentives for low-income households to help make Solar energy more accessible and affordable.
It’s important to research and understand the various rebates and incentives available in your area to maximize the financial benefits of going Solar. Additionally, working with a reputable Solar installer can help navigate the process and ensure you take advantage of all available incentives.
