Aside from the Solar Investment Tax Credit (ITC) provided by the federal government, which covers 30 percent of your solar project’s cost in the form of income tax credits, many states offer their own tax incentives to help you go solar. One popular incentive is a solar property tax exemption. Read on to learn how they work, and which states have these policies in place.
It was a wild week in the solar industry, full of unforeseen product releases and a controversial solar pricing report that was released by the government. An NREL report that confirmed price inflation by SolarCity and other top solar installers, Tesla’s big solar panel reveal and exciting growth in solar storage in certain states are the three stories we’re studying from this week’s Solar News Report.
The Megawatt Block Incentive Structure (Megawatt Block) is one of New York’s most important solar incentives. The program provides strong subsidies for both commercial and residential rooftop solar energy systems. The size of your subsidy depends on how big the solar energy system you install is, and how much solar energy is already being produced in your area. You also don’t need to take any action to claim the benefit if you use a state certified installer.