Net Metering: Net metering is a billing arrangement that allows Solar energy system owners to receive credit for excess electricity generated by their system that is exported back to the grid. This credit can then be used to offset the cost of electricity consumed from the grid when the Solar system is not producing enough energy.
Solar Renewable Energy Certificates (SRECs): SRECs are a form of renewable energy credit that can be traded or sold on the open market. Solar system owners can earn SRECs based on the amount of electricity generated by their system, which can provide an additional source of income to help offset the cost of installing and maintaining a Solar system.
Tax Incentives: There are various federal, state, and local tax incentives available to homeowners who install Solar energy systems, such as the federal Investment Tax Credit (ITC) and state-level rebates or tax credits. These incentives can help reduce the upfront cost of installing a Solar system and make Solar energy more affordable for homeowners.
Utility Rebates: Some utility companies offer rebates or incentives to customers who install Solar energy systems. These rebates can help offset the cost of installing a Solar system and provide additional savings to homeowners.
Overall, these incentives and programs can make Solar energy more accessible and affordable for homeowners, encouraging more people to switch to clean, renewable energy sources.
