Going solar is a great way to save money on your energy bills and reduce your carbon footprint. And thanks to various local, state, and federal incentives and rebates, it's now more affordable than ever to install solar panels on your home or business. In this blog post, we'll take a closer look at some of the most popular solar incentives and rebates available to homeowners and businesses.

Federal Solar Tax Credit

The federal solar tax credit, also known as the Investment Tax Credit (ITC), allows homeowners and businesses to deduct a percentage of the cost of their solar installation from their federal taxes. The percentage is currently 30% but is set to decrease in the future. The best way to guarantee yourself a 30% tax credit is to go solar sooner rather than later.

State and Local Solar Incentives

Many states and local governments offer their own incentives for solar installations. These can include cash rebates, property tax exemptions, sales tax exemptions, and net metering programs that allow you to sell excess energy back to the grid.

For example, in Texas, the state offers a property tax exemption for residential solar installations. Some local utility companies may also offer rebates or other incentives for solar installations.

Utility Solar Rebates

Many utility companies offer rebates for customers who install solar panels on their homes or businesses. These rebates can vary widely depending on the utility company and the location, so it's important to check with your local utility company to see what incentives are available.

Conclusion

If you're considering installing solar panels on your home or business, be sure to research the incentives and rebates available to you. These can help offset the cost of your solar installation and make it more affordable in the long run. From the federal solar tax credit to state and local incentives and utility rebates, there are plenty of options to choose from. By taking advantage of these incentives, you can enjoy the benefits of solar power while saving money on your energy bills.