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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On December 21, 2020, Congress passed the omnibus spending and COVID relief bill, and on Sunday, December 27, 2020, President Trump finally signed it into law. In addition to keeping the lights on in our government and providing much needed financial relief for businesses and people alike who have been impacted by COVID, the 5,000+ page, end-of-year spending bill also provided a ray of bright light for the solar industry: an extension of the solar ITC. Here’s what you need to know about how the ITC extension impacts your solar project.
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In this week’s Solar News Roundup (the last of the year!), the federal government extends the solar tax credit, and the Department of Energy announces a new round of funding for grid-integrated solar.
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If you’re considering installing solar in Maryland, one incentive you should be aware of is solar renewable energy certificates (SRECs). Maryland is one of the few states that offers this performance-based incentive to people generating solar electricity. Property owners in Maryland who buy and install a solar panel system can earn hundreds of dollars each year by selling the SRECs their system generates.
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The Massachusetts solar renewable energy certificate (SREC) program is one of the most advantageous financial incentives for solar available at the state level. Massachusetts property owners who buy and install a solar panel system can earn hundreds (or even thousands) of dollars a year by selling the SRECs the system generates.
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There are a number of state-specific solar incentives for solar owners to take advantage of, such as tax credits and rebates. One of the most advantageous solar incentives you may be eligible for is solar renewable energy credits (SRECs).
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In this week’s Solar News Roundup, we talk about two solar incentive programs that are getting a boost in the Northeast: Massachusetts’ SMART program and Rhode Island’s solar brownfields incentive program.
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There are many different types of solar incentives out there – tax credits, performance-based incentives, and solar renewable energy certificates (SRECs) to name a few. Solar rebates are some of the most common solar incentives, and some of the easiest to understand. While not available in every solar market, those who can take advantage of rebates can significantly lower the upfront cost of going solar.
In this article, we’ll give an overview of solar rebate incentives, provide sources for finding solar rebates in your area, and discuss how to apply for rebates for which you’re eligible.
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Finding the right solar solution can be difficult, and there are a lot of questions to address before putting panels on your roof. To help you save time in your solar research, EnergySage created quick videos to answer the most important solar questions in under three minutes.
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The country’s best solar incentive, the federal investment tax credit (ITC), is in the process of winding down. 2019 was the last year you can claim the full 30 percent tax credit. Starting in 2020, the credit drops to 26 percent, to 22 percent in 2021, and disappears entirely for homeowners in 2022. This impending deadline has prospective solar shoppers rushing to take advantage of the maximum credit while they still can – but how can you make sure you’re eligible for the current 26 percent credit?
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