Tag Archives: Incentives

solar panels for home

Residential solar panels: what to know about solar panels for your home

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The past decade has engendered the era of solar panels for home use. Homes and businesses across the country are transitioning away from a fossil-fueled electricity grid towards a clean energy economy, necessitated by emissions reduction targets in a time of global climate change. Amidst this period of energy reform, rooftop solar panel systems for houses are taking off at a remarkable rate. It’s time to give residential solar the credit it deserves. Learn everything there is to know about the booming residential solar industry in our list of home solar FAQs.

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form 5695 instructions solar tax credit

How do I claim the solar tax credit (ITC)? Form 5695 instructions

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If you’re considering solar, you’ve probably heard about the federal solar tax credit, also known as the Investment Tax Credit (ITC). The Federal ITC makes solar more affordable for homeowners and businesses by granting a dollar-for-dollar tax deduction equal to 26% of the total cost of a solar energy system.

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macrs

What is MACRS? All you need to know for your commercial solar installation

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If you’re a homeowner looking to go solar, the incentives you have available to you are pretty straightforward: from net metering to the federal investment tax credit, and to any local utility or government rebates and incentives. Between the incentives and the declining cost of solar, the average homeowner on EnergySage sees a payback period for solar of eight years. Easy! 

If, on the other hand, you’re a business owner considering solar, there are additional tax incentives that help decrease the time it takes for your solar investment to payoff. The most widely-known of them is the Modified Accelerated Cost Recovery System, also known as MACRS.

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itc savings 2020 vs. 2021

Federal ITC savings: 2020 vs. 2021

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One question we field a lot at EnergySage is whether it’s the right time to install solar panels. For anyone asking that question in 2020, the answer is often as soon as possible: given the looming step down and expiration of the federal investment tax credit (ITC), solar shoppers who wait until 2021 or later to move forward will be missing out on major tax savings – but just how much?

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connecticut battery incentives

Connecticut solar battery incentives

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If you’re a homeowner in CT, you’re probably very familiar with the state’s harsh winters: frequent nor’easters have many people across New England looking for ways to keep their homes up and running during powerful storms. Fortunately, solar batteries can do just that: thanks to declining costs, federal tax credits, and–for customers of Eversource–utility incentives, solar batteries are more affordable than ever before. Here’s a quick summary of the battery incentives currently available in Connecticut:

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New Hampshire solar battery incentives

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Are you considering installing a solar battery in the Granite State? Fortunately, there are a few financial incentives available to help you save on costs, especially if you’re a customer of Eversource or Liberty Utilities. Full disclosure: these incentives…rock (we know, cheesy NH joke…just couldn’t help ourselves.)

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Solar news: June 26th, 2020

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In this week’s Solar News Roundup, New Jersey’s governor announces support for an environmental justice bill, and the federal government introduces a new infrastructure bill full of provisions for the solar and storage industries.

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new york battery incentives

Solar battery incentives in New York

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If you’re a New Yorker considering your solar battery options, you’re not alone: energy storage has become an increasingly popular purchase for homeowners interested in keeping their homes running during a grid outage. Fortunately, due to declining costs, federal tax credits, and–for Long Island homeowners–state incentives, solar batteries are more affordable than ever before. Here’s a quick rundown of the battery incentives currently available in New York:

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solar battery incentives in vermont

Solar battery incentives in Vermont

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Vermont is well known for all of its seasons, but especially for its harsh winter storms (trust me, I grew up there). Historically, many Vermonters have relied on diesel-powered generators to keep their homes running during a power outage, including those regularly caused by mid-winter ice storms. However, generators are no longer the only option for those looking to keep their lights on in the event of an outage: thanks to a number of incentives, solar batteries are becoming an increasingly attractive and financially-viable solution, particularly for customers of Green Mountain Power (GMP).

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claim SGIP rebate

How to claim your SGIP rebate

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One of the best financial incentives for batteries in the US is California’s Self Generation Incentive Program, or SGIP. If you are a home or business owner in California, SGIP provides rebates that help you to significantly reduce the cost of installing an energy storage product. We get a lot of questions from homeowners who are curious about how to best take advantage of this incentive program and to claim their SGIP rebate, so we read through all of the program documentation and compiled the relevant info below. Let us know what you think and, as always, feel free to reach out to one of our Energy Advisors if you have any questions about your specific project.

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