What incentives are available to offset the cost of solar panels?

There are multiple solar incentive programs to help offset the cost of solar panels. Federal and state tax credits, rebates, and performance payment programs can help you save 30-60% or more off the initial costs to go solar.

Do you qualify for solar incentives?

States and utility companies also offer several types of solar incentives, and whether you qualify to claim them depends on where you live and other factors like your tax status. On this page, you can learn about the different types of solar incentives available to homeowners.

Can I get multiple solar incentives?

Yes, in most cases, you can use multiple solar incentives to offset the cost of your solar system. Are there incentives for residential and commercial installations? Yes, solar incentives are available for both residential and commercial solar installations. Do I need to inform my utility about my solar installation to get incentives?

Which states offer solar incentives?

Depending on where you live, you may be eligible for additional solar incentives, such as tax breaks and rebates. Overall, New York and Oregon have the most state-funded solar incentive programs. In some states, recent changes to net metering policies mean that people with solar panels earn less when they sell electricity to their local power grid.

What are the different types of solar incentives?

The three broad categories of solar incentives are tax breaks, rebates, and performance-based incentives. Incentives for battery storage are also available. It can be hard to find solar incentives if you don’t know what you’re looking for.

Can you get tax credits for solar power?

Several states also offer tax credits for solar power. People who install solar in participating states earn extra money back on their state income tax bill the year after installation. All state solar tax credits can be claimed in addition to the federal government’s investment tax credit.