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Incentives

Uncle Sam Wants You to Go Solar!

Federal and state incentive programs lower the net cost of installing a solar energy system. A lower out-of-pocket cost means a quicker payback and higher return on investment

Each state offers a different basket of incentives. Most grant programs are applied to the upfront cost of the solar installation. This makes it more affordable to put solar panels on your roof with a quicker payback.

A growing number of states have a system of trading Solar Renewable Energy Certificates (SRECs). The owner of a solar energy system receives one SREC for each 1,000 kilowatt-hours of solar electricity produced. The SRECs are then sold on exchanges to utilities and other companies.

The federal government offers a 30% Residential Renewable Energy Tax Credit for homeowners who go solar. Businesses can take advantage of US Department of Treasury Renewable Energy Grant. This is paid out as a lump sum equal to 30% of the value of the solar installation and equipment.

Qualifying farms and rural small businesses may be eligible for a US Department of Agriculture (USDA) grant under the Rural Energy For America Program (REAP). This grant can cover up to 25% of the cost of the project.

The Ontario Power Authority (OPA) in Canada has an exciting feed-in tariff program (FIT) to encourage the development of solar projects. This has made Ontario one of the hottest markets in North America for new solar development.

As part of our turnkey service, Solar Liberty will file grant paperwork on your behalf and advise on how to receive the maximum incentives available. Contact us today for a free solar evaluation of your home and business to get started.

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State by State Solar Incentives



 

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