| Rebates and credits! Many rebate and incentive programs are available from individual states and the federal government to offset investments in solar electric systems. State Grants and Incentive Programs Public policy is in place for many states to offer grants and incentives for solar installation. Please contact us to learn more about programs in your state. Federal Tax Credits To encourage the use of renewable energy sources, the federal government offers tax credits to commercial and residential users. These credits can represent a significant savings on up-front expenses. Tax credits equivalent to 30% of the installation cost are possible. Accelerated Depreciation Solar electric systems can be depreciated in just 5 years, helping further recoup the investment by reducing tax liabilities in the early years. Renewable Energy Certificates Aside from low cost electricity, a solar electric system generates renewable energy certificates. Renewable energy certificates are valuable assets in high demand by retail power suppliers, who must meet requirements for power generation from renewable energy sources. Utility companies will pay you or provide credits for your renewable energy certificates. |
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1201 North Market Street, Suite 400 | Wilmington, Delaware 19801 | 302.504.0124