World4Solar – KNOWLEDGE BASE

How to Save on Solar Installation in the US in 2024
– in Every State

Contents in this article

1. Introduction to Solar Savings

2. The Basics of Solar Installation

Introduction to Solar Savings

Why Go Solar?

Are you thinking about going solar? You’re not alone! With the increasing awareness of renewable energy benefits, more Americans are making the switch. Not only does it reduce your carbon footprint, but it can also significantly lower your electricity bills.

Understanding the Cost Dynamics

However, the upfront cost of solar installations can be a hurdle for many. But did you know that the cost can vary significantly from state to state, and there are numerous ways to save? Let’s dive into the specifics.

The Basics of Solar Installation

Types of Solar Panels

From monocrystalline to polycrystalline and thin-film, the market offers a variety of solar panels. Each type has its pros and cons regarding efficiency, cost, and suitability for different climates.

Key Components of a Solar Power System

Beyond the panels, a solar power system includes inverters, batteries, monitoring systems and other great features that can make your PV system a true power production fortress. Understanding these components is crucial for optimizing your investment.

State-Specific Incentives

Federal Solar Investment Tax Credit (ITC)

The ITC allows you to deduct 30% of your solar system’s cost from your federal taxes. This significant incentive is available to all Americans, regardless of state.

State Incentives and Rebates

Each state offers unique incentives and rebates that can drastically reduce installation costs. Here’s a list of incentives for all states:

Reduce Solar Cost in Alabama

Federal and State Specific Incentives for Alabama

In Alabama, while the state itself doesn’t offer many solar incentives, you can still benefit from a property tax exemption for the added value from solar installations and various local utility incentives. These can include rebates for smart thermostats and energy-efficient appliances, as well as low-interest loans for home energy efficiency improvements. Additionally, the Federal Solar Investment Tax Credit allows you to recoup 30% of your solar installation costs, reducing the overall investment required for your standalone PV system

The Federal Solar Investment Tax Credit (ITC): A significant financial incentive for solar energy investments in Alabama, allowing you to deduct 30% of the cost of installing a solar system from your federal taxes. This credit applies to both residential and commercial installations and is available for systems installed by December 31, 2032, after which it will decrease to 26% in 2033 and 22% in 2034. It’s designed to encourage the adoption of solar energy and reduce the initial cost of solar installations.

Reduce Solar Cost in Alaska

Federal and State Specific Incentives for Alaska

In Alaska, you can significantly reduce the cost of installing a solar PV system with a 30% federal tax credit available if installed before the end of 2032. Alaska offers net metering, allowing surplus energy to be credited to future bills at the retail rate, with utilities required to offer net metering for systems up to 25kW. Credits can be carried indefinitely, acting as a “battery” for excess power. However, Alaska doesn’t have state-specific solar incentives, so these federal options and net metering are key benefits for residents

The Federal Solar Investment Tax Credit (ITC): A significant financial incentive for solar energy investments, allowing you to deduct 30% of the cost of installing a solar system from your federal taxes. This credit applies to both residential and commercial installations and is available for systems installed by December 31, 2032, after which it will decrease to 26% in 2033 and 22% in 2034. It’s designed to encourage the adoption of solar energy and reduce the initial cost of solar installations. This may reduce the investment for a high-end system like the World4Solar 9.84kW HelioWing 7, starting at around $49,000 with PV panels and an integrated inverter, by a staggering $14,700 down to $34,300.

Net Metering: Alaska implemented net metering regulations in 2010. The Regulatory Commission of Alaska (RCA) encourages investments in renewable energy by allowing individuals and businesses to sell unused energy back to the grid. This applies to renewable systems up to 25kW, and large utilities must buy up to 1.5% of their average load from these customer-generated sources.

Reduce Solar Cost in Arizona

Federal and State Specific Incentives for Arizona

In Arizona, the sunny landscape offers a bright opportunity for homeowners considering solar power. The Federal Solar Tax Credit makes the deal sweeter by allowing a 30% deduction of installation costs from your federal taxes, effectively lowering the overall investment required. Additionally, net metering benefits in Arizona mean you can get credit for excess electricity generated, helping to offset your utility bills. Some local utility rebates offer further financial incentives, reducing upfront costs and making solar power an even more attractive option. With these incentives, going solar in Arizona not only becomes more affordable but also a promising investment towards sustainable living.

The Federal Solar Investment Tax Credit (ITC): A significant financial incentive for solar energy investments across Arizona, allowing you to deduct 30% of the cost of installing a solar system from your federal taxes. This credit applies to both residential and commercial installations and is available for systems installed by December 31, 2032, after which it will decrease to 26% in 2033 and 22% in 2034. It’s designed to encourage the adoption of solar energy and reduce the initial cost of solar installations.

Net Metering: Arizona’s net metering allows you to earn credits for excess electricity your system sends back to the grid, reducing your utility bills.

The Residential Arizona Solar Tax Credit: This program reimburses you 25 percent of the cost of your solar panels, up to $1,000, right off of your personal income tax in the year you install the system. The outline of the program can be found here.

Equipment and Property Tax Exemptions: Arizona provides a sales tax exemption for the purchase of solar energy equipment, meaning you won’t have to pay any sales tax on the purchase of your solar system. When purchasing e.g. a World4Solar 9.84 HelioWing 7 system at around $49,000, this can save you about $2,700. Additionally, any increase in home value due to your solar system installation is exempt from property taxes. More information here.

SunWatts Renewable Energy and Rebate Program: If you’re a customer of Mohave Electric Cooperative, you might be eligible for rebates through this program, including a $0.05 per-watt rebate for solar PV installation, up to a maximum of $2,500, and other rebates. Full scope and application for the program here.

Local Utility Rebates: Some utilities in Arizona offer rebates for solar installations, further decreasing upfront costs.

These incentives make solar installations more affordable and offer long-term savings on electricity bills.

Reduce Solar Cost in Arkansas

Federal and State Specific Incentives for Arkansas

For installing a PV system in Arkansas, the Federal Solar Tax Credit is a significant incentive, offering a 30% deduction on the total system cost from federal taxes. Arkansas doesn’t offer state-level tax incentives for solar system installations, yet it compensates with favorable net metering policies, significantly benefiting solar users. Net metering enables you to substantially reduce your energy bills by crediting you for the surplus electricity your system feeds back into the grid.

The Federal Solar Investment Tax Credit (ITC): A significant financial incentive for solar energy investments in Arkansas, allowing you to deduct 30% of the cost of installing a solar system from your federal taxes. This credit applies to both residential and commercial installations and is available for systems installed by December 31, 2032, after which it will decrease to 26% in 2033 and 22% in 2034. It’s designed to encourage the adoption of solar energy and reduce the initial cost of solar installations.

Net Metering: Arkansas’ net metering connects your solar panels to the public grid, letting you use excess energy to lower your utility costs. Surplus energy is sold back to the grid, earning credits for future bills.

Reduce Solar Cost in California

Federal and State Specific Incentives for California

California is renowned for its supportive stance towards solar energy, offering some of the most compelling incentives for individuals looking to install solar systems. These incentives, designed to make solar installations more affordable and appealing, position California as a leader in renewable energy adoption among homeowners.

The Federal Solar Investment Tax Credit (ITC): A significant financial incentive for solar energy investments in California, allowing you to deduct 30% of the cost of installing a solar system from your federal taxes. This credit applies to both residential and commercial installations and is available for systems installed by December 31, 2032, after which it will decrease to 26% in 2033 and 22% in 2034. It’s designed to encourage the adoption of solar energy and reduce the initial cost of solar installations.

The Self-Generation Incentive Program (SGIP): In California rewards residents for integrating solar batteries with their solar panels. Rebates vary based on the battery’s size and the utility company involved. For example, a homeowner installing a 10 kW solar system, such as the World4Solar 9.84kW HelioWing 7 system with up to 25kWh integrated battery storage, might receive a rebate that significantly reduces the out-of-pocket expense for this energy storage solution (currently at about $150 per kWh, meaning $3,750 for said system). This incentive is stackable with the federal ITC, but must be applied to the system price before the ITC is applied. Lastly, battery storage can also lead to long-term savings on electricity bills by utilizing stored solar energy during peak pricing times. For specific savings figures and more information, see the SGIP official website.

Property Tax Exemption: In California, the value of your property for tax purposes won’t include the added worth from solar panel installations. While these panels boost your home’s market value, they won’t lead to higher property taxes. This benefit is set to end on January 1, 2025.

The Property Assessed Clean Energy (PACE) Program: PACE Program in California allows homeowners to finance the upfront cost of energy improvements to their properties, such as solar installations, and repay the cost over time through their property tax bill. This approach provides accessible financing, making it easier for homeowners to invest in solar energy by spreading the cost over several years. More information can be found here: PACE Program

Equity Resilience Incentives: This takes the SGIP program one step further and adresses Home Energy Storage Systems. Under California’s SGIP program, there’s an enhanced “Equity Resiliency” incentive for specific groups including low-income households, residents in high-risk fire zones, those impacted multiple times by Public Safety Power Shutoffs, and critical facilities serving these areas. Eligible participants may receive an SGIP rebate of $850 or $1,000 per kWh, significantly higher than the standard incentive. This substantial benefit could potentially cover the total installation costs of home energy storage systems for qualifying individuals. Detailed information is available here.

Net Metering: California has updated its Net Energy Metering to version 3.0 (NEM 3.0), which lets renewable energy producers, like solar panel owners, sell surplus electricity back to their utilities. However, NEM 3.0 has notably decreased the compensation rate for this electricity by about 75%, moving from approximately 30 cents per kilowatt to just 8 cents. This change has sparked considerable opposition from solar advocates, citing significant job losses in the state’s solar sector as a consequence.

Further, local California Incentive programs:

Alameda Municipal Power Income Qualified Solar Rebate Program: Alameda customers with $106,000 or less of household income, whose house was built before 2020, are eligible for a $500 rebate when installing solar.

LADWP Solar Rooftops Program: The Los Angeles Department of Water and Power offers another way to get solar panels installed for free. The company will install and maintain the solar panels — and pay you between $240 and $600 per year to lease your roof space. Your electric bill will be unaffected, but you’ll earn some extra cash each year and use your valuable roof space to contribute to California’s solar expansion.

San Diego Building Permits: San Diego County is currently waiving the cost of building permits for residential solar panel installations.

Silicon Valley Power Income-Qualified Solar Grant Program: Customers of Silicon Valley Power may be eligible for a grant for solar panel installation. The program has myriad stipulations; consult directly with the company to learn more here.

Reduce Solar Cost in Colorado

Federal and State Specific Incentives for Colorado

In Colorado, individuals installing solar systems can benefit from several incentives. The federal Investment Tax Credit (ITC) offers a 30% deduction on installation costs from your federal taxes. Colorado’s net metering policies allow you to earn credits for excess electricity sent back to the grid, effectively reducing future utility bills. Additionally, the state provides various local rebates and incentives which vary by region and utility provider, further decreasing the upfront and operational costs of solar energy systems.

The Federal Solar Investment Tax Credit (ITC): The program provides a notable advantage for solar energy investment, permitting a 30% federal tax deduction on the installation costs of solar systems in Colorado. This benefit applies to residential and commercial properties alike and is available until the close of 2032, after which it is reduced, encouraging the shift to solar energy and reducing initial installation expenses. If you decide to go with a fully integrated premium system like the World4Solar 7.38kW HelioWing 5, the program saves you $13,080 off of the $43,600 purchase price.

Net Metering: Colorado’s net metering connects your solar panels to the public grid, letting you use excess energy to lower your utility costs. Surplus energy is sold back to the grid, earning credits for future bills.

Colorado Solar Property Tax Exemption: Colorado encourages its residents to adopt solar energy by offering significant financial incentives. The state exempts solar equipment purchases from sales tax, allowing you to save on the upfront cost of your solar system. Additionally, you won’t face increased property taxes due to the added value your solar installation brings to your home, making solar an even more attractive investment.

Weatherization Assistance Program (WAP) Colorado: The Weatherization Assistance Program (WAP) in Colorado aims to enhance energy efficiency for low-income homes. It offers weatherization services like insulation and roof repairs alongside energy-efficient upgrades, including solar installations, to decrease energy use, cut utility costs, and improve home comfort. Colorado proudly became the first state to incorporate into WAP, showcasing its commitment to energy efficiency and support for low-income households.

EnergySmart Colorado: Depending on your location, you could be eligible for a rebate of anywhere from $400 to $2,500. More Information here: EnergySmart Colorado

Holy Cross Energy: This fantastic per-kilowatt (kW) rebate can equate to savings of as much as $3,000. An overview can be found here: Holy Cross Energy

Reduce Solar Cost in Conneticut

Federal and State Specific Incentives for Conneticut

Opting for solar power in Connecticut allows you to tap into various state incentives alongside a significant federal tax credit. Despite Connecticut’s limited sunny days, the state’s push for solar adoption underscores the viability of solar energy for its residents. This effort highlights the potential for solar power even in New England’s typically overcast climate.

The Federal Solar Investment Tax Credit (ITC): A significant financial incentive for solar energy investments in Conneticut, allowing you to deduct 30% of the cost of installing a solar system from your federal taxes. This credit applies to both residential and commercial installations and is available for systems installed by December 31, 2032, after which it will decrease to 26% in 2033 and 22% in 2034. It’s designed to encourage the adoption of solar energy and reduce the initial cost of solar installations.

Property Tax Exemption: In Conneticut, the value of your property for tax purposes won’t include the added worth from solar panel installations. While these panels boost your home’s market value, they won’t lead to higher property taxes.

Sales and Use Tax Exemption for Solar Systems: This incentive program will give you a 6.35% home solar system state sales tax exemption. Depending on the system, this can save you quite some cash. In case of a high-end system like the World4Solar 7.38kW HelioWing 5, this could mean over $2,700 in savings. More information can be found here.

Reduce Solar Cost in Delaware

Federal and State Specific Incentives for Delaware

Despite its size, Delaware offers significant potential for solar power impact, thanks to various incentives. These include a federal tax credit, net metering for utility bill credits, Solar Renewable Energy Credits compensation, and the Green Energy Program’s rebates. Additionally, programs targeting low- and moderate-income families provide access to free or discounted solar installations, making solar energy more accessible and ensuring investments pay off within about a decade.

Net Metering: In Delaware, surplus electricity from your solar panels can be sold back to the grid, earning you credits on your utility bill due to net metering. This program is attractive because it compensates you at the retail price for the clean energy you generate, unlike the lower wholesale price typically received by traditional power sources. This initiative underscores Delaware’s commitment to rewarding its residents for contributing to clean energy production.

Solar Renewable Energy Credits: In Delaware, homeowners who install solar panels can earn Solar Renewable Energy Credits (SRECs) for the electricity their system produces. Every 1,000 kilowatt hours (or 1 megawatt hour) generated earns one SREC, which can be sold to utility companies. This sale helps utilities meet renewable energy requirements set by the state. The value of SRECs varies based on market supply and demand. The current value of such an SREC is $400. For a system with a production of about 10kW, like the World4Solar 9.84kW HelioWing 7, could yield around 12 SRECs annually, potentially earning you approximately $4,800 in a single year. More information here.

Green Energy Program Grants and Rebates:

Delmarva Power and Light customers can get a cash rebate when installing a solar panel system, up to $6,000.

Delaware Electric Cooperative customers can also get a rebate, but the rate varies depending on the size of the system: $0.50 per watt up to a 5-kW system (max $2,500 rebate) and $0.20 per watt for larger systems.

Municipal customers can also get local rebates when installing a solar system.

Reduce Solar Cost in Florida

Federal and State Specific Incentives for Florida

In Florida, as of 2024, homeowners can benefit from sales tax and property tax exemptions for solar energy systems. This makes installing a solar system more affordable by reducing upfront costs and preventing increased property taxes due to enhanced home value. Additionally, Floridians can take advantage of the federal solar tax credit, offering a 30% deduction on installation costs, significantly lowering the financial barrier to solar adoption.

The Federal Solar Investment Tax Credit (ITC): A significant financial incentive for solar energy investments in Florida, allowing you to deduct 30% of the cost of installing a solar system from your federal taxes. This credit applies to both residential and commercial installations and is available for systems installed by December 31, 2032, after which it will decrease to 26% in 2033 and 22% in 2034. It’s designed to encourage the adoption of solar energy and reduce the initial cost of solar installations.

Property Tax Exemption: Homeowners in Florida adding solar panels can anticipate an increase in their home’s value, potentially by around 4% (Source). This could normally lead to a rise in property taxes. However, Florida’s Property Tax Abatement for Renewable Energy Property scheme ensures that taxes do not increase due to the installation of solar energy systems. This benefit is set to continue until the end of 2037.

Sales Tax Exemption: Similarly, residents of the Sunshine State don’t have to worry about paying a 6% sales tax on their solar system installation as part of the Solar and CHP Sales Tax Exemption program. When purchasing e.g. a World4Solar 9.84kW HelioWing 7 Hurricane system with PV panels and inverter at around $60,000, this means savings of about $3,600.

The Property Assessed Clean Energy (PACE) Program: PACE Program in Florida allows homeowners to finance the upfront cost of energy improvements to their properties, such as solar installations, and repay the cost over time through their property tax bill. This approach provides accessible financing, making it easier for homeowners to invest in solar energy by spreading the cost over several years. More information can be found here: PACE Program

Net Metering: Florida’s net metering connects your solar panels to the public grid, letting you use excess energy to lower your utility costs. Surplus energy is sold back to the grid, earning credits for future bills or resulting in cash payouts from your utility provider.

More local incentives include:

Florida Keys Electric Cooperative solar loan program offers a $35,000 loan with a 10-year repayment period. Unfortunately, there is no viable information on interest rates. More…

City of Tallahassee energy-efficiency loan program offers a 5% interest loan over the span of 10 years for solar system purchases. More…

Boynton Beach Energy Edge rebate program offers a $1,500 rebate to households installing a solar PV system of 5 kW or larger with at least 17.5% efficiency. More…

Reduce Solar Cost in Georgia

Federal and State Specific Incentives for Georgia

In Georgia, homeowners installing solar PV systems can benefit from various incentives to reduce their initial costs. Key incentives include a sales tax exemption and property tax exemption for solar installations, ensuring that the added value to your home from solar does not result in higher property taxes. Additionally, Georgia residents are eligible for the Federal Solar Investment Tax Credit, which offers a significant deduction on installation costs.

The Federal Solar Investment Tax Credit (ITC): A significant financial incentive for solar energy investments in Georgia, allowing you to deduct 30% of the cost of installing a solar system from your federal taxes. This credit applies to both residential and commercial installations and is available for systems installed by December 31, 2032, after which it will decrease to 26% in 2033 and 22% in 2034. It’s designed to encourage the adoption of solar energy and reduce the initial cost of solar installations. This may reduce the investment for a high-end system like the World4Solar 9.84kW HelioWing 7, starting at around $49,000 with PV panels and an integrated inverter, by a staggering $14,700 down to $34,300.

Net Metering: Georgia’s net metering connects your solar panels to the public grid, letting you use excess energy to lower your utility costs. Surplus energy is sold back to the grid, earning credits for future bills.

Reduce Solar Cost in Hawaii

Federal and State Specific Incentives for Hawaii

Hawaii’s reliance on imported energy leads to high electricity costs, making it an excellent market for solar energy, thanks to its ample sunshine and push for sustainability. The state is currently 16th in the U.S. for solar production, with numerous projects underway. Residents can benefit from both state and federal solar tax credits, though savings vary by location and electricity usage.

The Federal Solar Investment Tax Credit (ITC): With the Federal Solar Investment Tax Credit, investors in solar technology can subtract 30% of their installation expenses from federal taxes, benefitting both residential and commercial properties across Hawaii. This incentive is in place until December 31, 2032, before reducing in the following two years to encourage solar energy adoption and make installations more affordable. When purchasing e.g. a market-leading and hurricane-proof World4Solar 9.84kW HelioWing 7 Hurricane system with PV panels and inverter at around $60,000, this lowers the price by a staggering $18,000.

Renewable Energy Technologies Income Tax Credit (RETITC): The 35% (5% above the federal tax credit, not combinable) state solar tax credit is available for purchased home solar systems in Hawaii. (Max. $5,000 tax reduction.). Full outline here.

Green Energy Money Saver Program (GEMS): This program supports low- and moderate-income homeowners and renters by providing them with instant savings on bills, removing credit score requirements, and linking obligations to the utility meter instead of the individual. Additionally, it allows for extended financing options up to 20 years, making payments more manageable, along with other advantages. More about this program here.

Honolulu Solar Property Tax Exemption: Property tax exemption on the added home value from the rooftop panel system. More here.

Reduce Solar Cost in Idaho

Federal and State Specific Incentives for Idaho

In Idaho, transitioning to solar energy is financially appealing for homeowners and environmentally beneficial. Affordable initial investments are supported by substantial tax incentives and accessible low-interest financing options. Adopting solar power offers Idaho residents immediate and future financial savings, alongside environmental advantages.

The Federal Solar Investment Tax Credit (ITC): The government’s Federal Solar Investment Tax Credit is a substantial incentive for investing in solar power, allowing a 30% tax reduction for installing solar systems on any property type in Idaho. Valid until the end of 2032, the credit will then lower to 26% and 22% in subsequent years, promoting solar energy use and decreasing the initial investment cost. This way, you can erase a substantial part of the $49,000 purchase price of a system like the World4Solar 9.84kW HelioWing 7, with PV panels and an integrated inverter, resulting in a $14,700 rebate.

Residential Alternative Energy Tax Deduction: A Idaho homeowner’s taxable income will be decreased by 40% of the cost of the solar panels for one year and by 20% for the next three years.

Idaho Governor’s Office of Energy Resources (OER) State Energy Loan Program: This offers low-interest loans for homeowners installing solar panel systems. With this loan, you can borrow up to $15,000 for five years at an interest rate of 4 percent. More about this program here.

Net Metering: Net metering awards credits to homeowners with solar panels for the electricity generated. In Idaho, utilities aren’t mandated to offer net metering, but the state’s three major utilities – Rocky Mountain Power, Idaho Power, and Avista Utilities – do provide net metering incentives to their solar customers.

Reduce Solar Cost in Illinois

Federal and State Specific Incentives for Illinois

Over the past ten years, Illinois has focused on building a sustainable energy future, particularly through the expansion of solar power as a key component of its energy strategy moving forward. The state has implemented various policies, strategies, and incentives to encourage homeowners to adopt solar energy solutions. If you’re a resident of Illinois thinking about solar energy investment, there are several important aspects and benefits to consider.

The Federal Solar Investment Tax Credit (ITC): A significant financial incentive for solar energy investments in Illinois, allowing you to deduct 30% of the cost of installing a solar system from your federal taxes. This credit applies to both residential and commercial installations and is available for systems installed by December 31, 2032, after which it will decrease to 26% in 2033 and 22% in 2034. It’s designed to encourage the adoption of solar energy and reduce the initial cost of solar installations.

Illinois Shine: Illinois is one of few states with a Solar Renewable Energy Credit (SREC) program to support the development of solar projects in the state. Homeowners get one SREC for every 1,000 kWh produced by their solar panels. These credits can then be sold to local power companies that are subject to the state’s Renewable Portfolio Standard, which mandates they generate at least 25% of their power from clean sources by 2025. More info about this program can be found here, detailed prices can be found here.

ComEd commercial solar rebates: ComEd, a major utility provider in Illinois, offers rebates to its commercial and industrial customers to lower the costs associated with solar installation. If you install solar panels for your business as a ComEd customer, you can qualify for a rebate of $300 for every kilowatt (kW) of solar power installed, with a maximum system size of 2,000 kW to be eligible for this rebate. This could mean almost $3,000 of rebate when purchasing a high-end system such as the World4Solar 9.84kW HelioWing 7 (MSRP: $49,000 with panels and integrated inverter). More about program and application here.

Property Tax Exemption: In Illinois, the value of your property for tax purposes won’t include the added worth from solar panel installations. While these panels boost your home’s market value, they won’t lead to higher property taxes.

Net Metering: Under Illinois’ net metering policy, utilities compensate you for surplus electricity generated by your solar system, ensuring you receive full value for your solar investment. This arrangement helps offset your electricity generation and usage, which don’t always align.

Reduce Solar Cost in Indiana

Federal and State Specific Incentives for Indiana

Indiana, while less advanced in solar legislation compared to many states, previously offered a net metering program rewarding homeowners for surplus solar energy, which has since ended for new setups. However, Indiana residents should remain optimistic about solar energy’s potential to lower electricity bills and boost property value. The state still provides solar tax credits and other financial incentives to ease the transition to solar power. This information is crucial for Indiana homeowners considering solar solutions.

The Federal Solar Investment Tax Credit (ITC): A significant financial incentive for solar energy investments in Indiana, allowing you to deduct 30% of the cost of installing a solar system from your federal taxes. This credit applies to both residential and commercial installations and is available for systems installed by December 31, 2032, after which it will decrease to 26% in 2033 and 22% in 2034. It’s designed to encourage the adoption of solar energy and reduce the initial cost of solar installations.

Sales Tax Exemption: Indiana provides a sales tax exemption for the purchase of solar energy equipment, meaning you won’t have to pay any sales tax on the purchase of your solar system. When purchasing e.g. a World4Solar 9.84kW HelioWing 7 system with panels, inverter and main steel structure at around $49,000, this can save you about $3,400. Program outline can be found here.

Property Tax Exemption: In Indiana, the value of your property for tax purposes won’t include the added worth from solar panel installations. While these panels boost your home’s market value, they won’t lead to higher property taxes.

Solar Easement Laws: In Indiana, solar easement laws are designed to protect a solar energy system’s access to sunlight, allowing homeowners to create voluntary agreements with their neighbors to avoid shading and blockages. Additionally, these laws restrict homeowners associations (HOAs) from prohibiting the installation of solar power systems.

Further Indiana local incentives

NIPSCO Feed-In Tariff: Residents in areas served by the Northern Indiana Public Service Company (NIPSCO) have the opportunity to join the NIPSCO feed-in tariff program. This initiative enables homeowners who produce renewable energy to sell their surplus solar power back to NIPSCO, receiving up to $0.23 per kilowatt-hour (kWh). While space in the program is limited, it provides a way for homeowners to earn credits that can offset their regular electricity bills.

Reduce Solar Cost in Iowa

Federal and State Specific Incentives for Iowa

As an Iowa homeowner thinking about adopting solar energy, while the initial investment in solar panels might be high, the long-term savings on electricity bills can be substantial. Additionally, Iowa offers solar incentives and tax credits to help offset the upfront costs. Here’s an overview of what you need to know.

The Federal Solar Investment Tax Credit (ITC): The program provides a notable advantage for solar energy investment in Iowa, permitting a 30% federal tax deduction on the installation costs of solar systems. This benefit applies to residential and commercial properties alike and is available until the close of 2032, after which it is reduced, encouraging the shift to solar energy and reducing initial installation expenses.

Sales Tax Exemption: When you purchase a solar energy system in Iowa, the equipment is exempt from sales tax under Iowa’s sales tax exemption for electrical generating equipment, saving you a great 6% on your purchase price. When purchasing e.g. a World4Solar 7.38kW HelioWing 5 system at around $43,600, this can save you about $2,600. Program outline can be found here.

Property Tax Exemption: Typically, property tax assessments increase following home upgrades such as solar panel installations. However, in Iowa, the added value from a solar system won’t affect property taxes for the first five years after installation.

Net Metering: Customers of MidAmerican Energy and Interstate Power and Light (IPL) are eligible to participate in Iowa’s net metering policy. Utilities compensate you for surplus electricity generated by your solar system, ensuring you receive full value for your solar investment. This arrangement helps offset your electricity generation and usage, which don’t always align. To apply, your system must be below 500kW, which is far more than the average system at 15kW, such as the World4Solar 9.84kW HelioWing 7 system.

Solar Easement Laws: Solar installations need ample sunlight to function effectively. In Iowa, solar easement laws ensure that solar panels receive necessary sunlight without being obstructed by shade. Additionally, certain Iowa areas have rules that protect homeowners against homeowners associations (HOAs) that might oppose solar panel installations. The applicability of these laws varies by location, so it’s important to consult local authorities for relevant regulations in your area.

Reduce Solar Cost in Kansas

Federal and State Specific Incentives for Kansas

Historically, Kansas hasn’t been a strong advocate for home solar or renewable energy in general. The state did away with its Renewable Portfolio Standard (RPS) law in 2015, replacing it with a mere voluntary target for renewable energy. Furthermore, in 2019, Kansas’s primary utility company, Evergy, secured approval to impose additional monthly charges on solar panel owners.

The Federal Solar Investment Tax Credit (ITC): A significant financial incentive for solar energy investments in Kansas, allowing you to deduct 30% of the cost of installing a solar system from your federal taxes. This credit applies to both residential and commercial installations and is available for systems installed by December 31, 2032, after which it will decrease to 26% in 2033 and 22% in 2034. It’s designed to encourage the adoption of solar energy and reduce the initial cost of solar installations. This may reduce the investment for a high-end system like the World4Solar 9.84kW HelioWing 7, starting at around $49,000 with PV panels and an integrated inverter, by a staggering $14,700 down to $34,300.

Property Tax Exemption: Adding a solar power system can significantly increase your home’s value, and thanks to property tax exemptions in Kansas, this increase won’t lead to higher property taxes. This exemption can result in substantial savings across the solar system’s lifespan of around 30 years.

Net Metering: Under Kansas’ net metering policy, utilities compensate you for surplus electricity generated by your solar system, ensuring you receive extra value for your solar investment (systems with up to 25kW). This arrangement helps offset your electricity generation and usage, although rates for selling excess energy are relatively low compared to retail rates. More details are listed here.

Reduce Solar Cost in Kentucky

Federal and State Specific Incentives for Kentucky

As a Kentucky homeowner contemplating solar power, initial costs may seem steep. However, financial benefits like tax credits and rebates at federal, state, and local levels help lessen these expenses. Over time, solar power also contributes to reduced monthly utility bills, providing long-term savings.

The Federal Solar Investment Tax Credit (ITC): A significant financial incentive for solar energy investments in Kentucky, allowing you to deduct 30% of the cost of installing a solar system from your federal taxes. This credit applies to both residential and commercial installations and is available for systems installed by December 31, 2032, after which it will decrease to 26% in 2033 and 22% in 2034. It’s designed to encourage the adoption of solar energy and reduce the initial cost of solar installations. This way, you can erase a substantial part of the $43,600 purchase price of a system like the World4Solar 7.38kW HelioWing 5, with PV panels and an integrated inverter, resulting in a $13,080 rebate.

The Property Assessed Clean Energy (PACE) Financing: PACE Program in Kentucky is only available to commercial customers and allows small business owners and companies to finance the upfront cost of energy improvements at low interest rates to their properties, such as solar installations, and repay the cost over time through their property tax bill. This approach provides accessible financing, making it easier to invest in solar energy by spreading the cost over several years. More information can be found here: PACE Program.

Net Metering: Similar to other states, Kentucky allows solar panel users to sell surplus energy back to their utility provider, crediting their utility accounts through net metering.

Kentucky Incentives for Energy Independence: Commercial customers in Kentucky who install a solar system with 50kW or more may benefit from up to a 50% reduction of the overall capital investment in the project through corporate income tax credits and other incentives. More information about the program here.

Reduce Solar Cost in Louisiana

Federal and State Specific Incentives for Louisiana

In Louisiana, solar panel installation not only lowers energy bills and carbon footprint but also comes with significant initial costs. Luckily, state residents can take advantage of various incentives to ease these expenses, such as a 30% federal tax credit, net metering in select locations, and property tax exemptions, making solar more accessible.

The Federal Solar Investment Tax Credit (ITC): A significant financial incentive for solar energy investments in Louisiana, allowing you to deduct 30% of the cost of installing a solar system from your federal taxes. This credit applies to both residential and commercial installations and is available for systems installed by December 31, 2032, after which it will decrease to 26% in 2033 and 22% in 2034. It’s designed to encourage the adoption of solar energy and reduce the initial cost of solar installations.

Home Energy Loan Program (HELP): Offered by the Louisiana Department of Natural Resources, the Home Energy Loan Program (HELP) offers low-interest home improvement loans to homeowners who install solar panels. Homeowners can receive up to a $12,000 loan with 2% interest for solar panel installations under this program. More information here.

Property Tax Exemption: Adding a solar power system can significantly increase your home’s value, and thanks to property tax exemptions in Louisiana, this increase won’t lead to higher property taxes. This exemption can result in substantial savings across the solar system’s lifespan of around three decades.

Further Louisiana local / specific incentives

Net Metering: Customers of Entergy New Orleans are eligible to participate in Louisiana’s net metering policy. They compensate you for surplus electricity generated by your solar system, ensuring you receive full value for your solar investment. This arrangement helps offset your electricity generation and usage, which don’t always align. To apply, your system must be below 25kW, which is more than the average system at 15kW, such as the World4Solar 9.84kW HelioWing 7 system.

Reduce Solar Cost in Maine

Federal and State Specific Incentives for Maine

While Maine isn’t the sunniest state, its residents still significantly benefit from solar panels, saving substantially on energy costs with an average of 100 sunny days a year. Mainers thinking about solar energy have access to state and federal tax credits, rebates, and incentives. This article will detail Maine’s major solar incentives to help homeowners decide on solar panels.

The Property Assessed Clean Energy (PACE) Loan: PACE Program in Maine is offered through the Maine Efficiency Trust and allows homeowners to finance the upfront cost of energy improvements at low interest rates (5.99%) to their properties, such as solar installations, and repay the cost over time through their property tax bill. This approach provides accessible financing, making it easier to invest in solar energy by spreading the cost over several years. More information can be found here: Maine Efficiency Trust.

Property Tax Exemption: In Maine, the value of your property for tax purposes won’t include the added worth from solar panel installations. While these panels boost your home’s market value, they won’t lead to higher property taxes.Good to know: You have to apply in advance in order to qualify for the tax credit exemption. You can do that here.

Net Metering: Similar to other states, Maine allows solar panel users to sell surplus energy back to their utility provider, crediting their utility accounts through net metering.

Reduce Solar Cost in Maryland

Federal and State Specific Incentives for Maryland

Considering solar energy in Maryland? It’s a cost-effective and eco-friendly choice in the long term. Utilizing federal and state incentives can decrease the upfront costs of solar panel installation. However, these incentives come with specific terms that aren’t always straightforward discounts. By familiarizing yourself with Maryland’s available programs, you can maximize your savings and possibly even profit from your solar panel investment.

The Federal Solar Investment Tax Credit (ITC): A significant financial incentive for solar energy investments in Maryland, allowing you to deduct 30% of the cost of installing a solar system from your federal taxes. This credit applies to both residential and commercial installations and is available for systems installed by December 31, 2032, after which it will decrease to 26% in 2033 and 22% in 2034. It’s designed to encourage the adoption of solar energy and reduce the initial cost of solar installations.

Solar Renewable Energy Certificates (SRECs): Homeowners in Maryland get one SREC for every 1,000 kWh produced by their solar panels. These credits can then be sold to local power companies that are subject to the state’s Renewable Portfolio Standard, which mandates they generate at least 14.5% of their power from clean sources by 2030. The current selling price for one SREC in Maryland is around $60 as of 2024. More info about this program can be found here, detailed prices can be found here.

Maryland Residential Clean Energy Rebate Program: Eligible homeowners can get a rebate of up to $1,000 for the installation of solar panels. The program operates annually on a first-come, first-serve basis. More info and application can be found here.

Maryland Energy Storage Income Tax Credit Program: For residential or commercial installs that include battery storage, such as the World4Solar 9.84kW HelioWing 7 system, you may qualify for an additional rebate of 30% on the purchase price through income tax credit. For residential systems, the maximum credit amount is set to $5,000 and for commercial installations to $150,000. The program works on a first-come first-serve basis. Please find more information here.

Sales Tax Exemption: In Maryland, purchases typically incur a 6% sales tax. However, solar panel systems are exempt from this state sales tax, allowing buyers to save money. Additionally, the absence of local sales taxes in Maryland means further savings, as this potential cost does not apply to solar panel purchases. Therefore, purchasing a system such as the World4Solar 9.84kW HelioWing 7 priced at around $67,600 with PV panels, built-in inverter and 25kWh battery storage, can save you about $4,000.

Property Tax Exemption: Adding a solar power system can significantly increase your home’s value, and thanks to property tax exemptions in Maryland, this increase won’t lead to higher property taxes. This exemption can result in substantial savings across the solar system’s lifespan of around three decades.

Reduce Solar Cost in Massachusetts

Federal and State Specific Incentives for Massachusetts

In Massachusetts, the high utility costs drive homeowners towards solar energy, a move supported by the state’s ample sunshine—around 200 sunny days annually—and substantial solar incentives. These incentives significantly reduce the financial burden of solar panel installation. To understand the available solar programs in Massachusetts and how they can lower installation costs, it’s beneficial to refer to a comprehensive guide on Massachusetts solar incentives for detailed insights.

Massachusetts State Solar Tax Credit: The federal solar tax credit isn’t the sole major incentive for Massachusetts residents. The state offers one of the nation’s leading solar tax credits. Every taxpayer in Massachusetts who installs solar panels on their home is eligible for the Residential Energy Credit, granting 15% back from the total installation cost, with a cap at $1,000. Detailed information here.

Property Tax Exemption: Adding a solar power system can significantly increase your home’s value, and thanks to property tax exemptions in Massachusetts, this increase won’t lead to higher property taxes. This exemption can result in substantial savings across the solar system’s lifespan of around 30 years.

Sales Tax Exemption: In Massachusetts, purchases typically incur a 6.25% sales tax. However, solar panel systems are exempt from this state sales tax, allowing buyers to save money. Additionally, the absence of local sales taxes in Massachusetts means further savings, as this potential cost does not apply to solar panel purchases. Therefore, purchasing a system such as the World4Solar 9.84kW HelioWing 7 priced at around $49,000 with PV panels and built-in inverter, can save you about $3,000.

Net Metering: Similar to other states, Massachusetts allows solar panel users to sell surplus energy back to their utility provider, crediting their utility accounts through net metering.

Further, Massachusetts local incentive programs

Concord Municipal Light Plant rebate program: CMLP customers in Concord, Massachusetts, can apply for a one-time rebate of $625 per kW of a solar panel installation, up to $3,125 (that’s 5 kW). More information here.

Hingham Municipal Lighting Plant rebate program: HMLP customers are also eligible for a one-time rebate, paid by check, worth up to $6,000 when installing a solar panel system. The program pays out at $0.60 per watt, multiplied by system output. More information here.

Hudson Light & Power rebate program: Hudson Light & Power customers are eligible for a rebate worth up to $7,000 when installing a solar system on their residential property. Hudson pays $1.20 per watt, up to 50% of the total cost to install the system. More information here.

Ipswich Municipal Light Department rebate program: Ipswich Municipal Light Department customers can get a rebate up to $3,000 (that’s $0.30 per watt) when installing solar panels and meeting all program requirements. Information and application here.

Littleton Electric Light & Water Department rebate program: This solar panel rebate amounts to $1 per watt, up to 50% of the total installation cost, as long as the system is set up for net metering. You’ll have to pay an application fee. A PDF with information can be found here.

North Attleborough Electric Department rebate program: Customers of the North Attleborough Electric Department can apply for a rebate worth up to $3,000 ($0.60 per watt for the first 5 kW) when installing solar. The program has an annual cap of $60,000, so apply early!

Taunton Municipal Lighting Plant rebate program: TMLP customers can potentially double-dip for rebates. Solar panel installations are eligible for a rebate of up to $4,500 ($1.50 per watt up to the max), but solar batteries are eligible for their own rebate as well: up to $300. More information here.

Wakefield Municipal Gas and Light Department rebate program: WMGLD customers can apply for a solar panel installation rebate worth $1.20 per watt, up to 50% of the total installation cost. Detailed information here.

Solar Massachusetts Renewable Target (SMART) Program: The Solar Massachusetts Renewable Target (SMART) program is one of the state’s most extensive solar incentive initiatives, offering homeowners ongoing rewards for their solar systems. This scheme is accessible to clients of Eversource, National Grid, and Unitil, with these investor-owned utilities compensating homeowners at a predetermined rate for every kilowatt-hour their systems generate. The compensation rate depends on various criteria and diminishes over time, with the incentive period currently set for 10 years. Detailed outline of the program can be found here.

Reduce Solar Cost in Michigan

Federal and State Specific Incentives for Michigan

While Michigan hasn’t led in solar panel adoption, partly due to stringent net metering restrictions, the state still offers appealing incentives for solar investment. These include a property tax exemption and an affordable loan program, making the financial case for solar panel installation more attractive for Michigan homeowners.

The Federal Solar Investment Tax Credit (ITC): A significant financial incentive for solar energy investments in Michigan, allowing you to deduct 30% of the cost of installing a solar system from your federal taxes. This credit applies to both residential and commercial installations and is available for systems installed by December 31, 2032, after which it will decrease to 26% in 2033 and 22% in 2034. It’s designed to encourage the adoption of solar energy and reduce the initial cost of solar installations. Therefore, you can erase a substantial part of the $43,600 purchase price of a premium system like the World4Solar 7.38kW HelioWing 5, with PV panels and an integrated inverter, resulting in a $13,080 rebate.

Property Tax Exemption: Adding a solar power system can significantly increase your home’s value, and thanks to property tax exemptions in Michigan, this increase won’t lead to higher property taxes. This exemption can result in substantial savings across the solar system’s lifespan of around 30 years.

Distributed Generation: As an alternative model to the known Net Metering, Michigan offers a distributed generation program that compensates homeowners for the wholesale value, instead of the retail price of their excess produced energy. This generally earns homeowners less, but still offers a great option to offset utility costs.

Michigan Saves Home Energy Loan Program: This program aims to offer competitive loans for sustainable home improvements such as solar installations. Currently, the lowest rates available are at 6.9% interest and terms up to 180 months, but may depend on the total amount required for the financing of a given project. More information here.

Reduce Solar Cost in Minnesota

Federal and State Specific Incentives for Minnesota

Minnesota, while not as sunny as states like Florida or California, still harnesses a significant amount of its electricity from solar power, surpassing the national average. Homeowners in the Land of 10,000 Lakes can invest in solar panels, with state, local, and federal incentives available to reduce the costs. These financial aids include tax credits, exemptions, rewards programs, and rebates, making solar energy a feasible option for many Minnesotans. We will explore the key incentives that make solar installations more affordable in Minnesota.

Property Tax Exemption: Adding a solar power system can increase your home’s value more than you think (about 4% on average), and thanks to property tax exemptions in Minnesota, this increase won’t lead to higher property taxes. This exemption can result in great savings across the solar system’s lifespan.

Sales Tax Exemption: In Minnesota, purchases typically incur a 6.875% sales tax. However, solar panel systems are exempt from this state sales tax, allowing buyers to save money. Additionally, the absence of local sales taxes in Minnesota means further savings, as this potential cost does not apply to solar panel purchases. Therefore, purchasing a system such as the World4Solar 9.84kW HelioWing 7 priced at around $49,000 with PV panels and built-in inverter, can save you over $3,300.

Minnesota Power SolarSense Rebate: Minnesota Power, catering to approximately 150,000 residential and commercial entities, offers the SolarSense program, a one-time rebate lottery for solar upgrades. Not all applicants will receive the rebate, as submissions are open for three days starting March 1, and excess applications may lead to a waiting list. The maximum grant is the lesser of $5,000 or 60% of installation costs. Until 2024, the program’s budget is set at $87,675. More information and application here.

Xcel Energy Solar*Rewards Program: Minnesota residents, who are clients of Xcel Energy, can participate in Xcel Energy’s Solar*Rewards program, in which they’ll earn $0.02 for every kilowatt-hour (kWh) of energy their solar system generates. If eligible, you’ll receive an annual payment for up to 10 years. Xcel offers additional benefits for income-qualified residential systems.

Net Metering: Minnesota residents with solar panels can participate in net metering. When your solar panel system generates more energy than your home needs, you can sell that energy to the utility company, either at a standard compensation rate or for a future bill credit. The size of your solar panel system can impact this rate.

Reduce Solar Cost in Mississippi

Federal and State Specific Incentives for Mississippi

While Mississippi basks in abundant sunshine, nearly making the top 10 sunniest states, it’s significantly behind in generating electricity from solar power, possibly due to having the highest solar panel installation costs nationwide. Recent key solar incentives aim to transform Mississippi’s solar energy landscape.

The Federal Solar Investment Tax Credit (ITC): A significant financial incentive for solar energy investments in Mississippi, allowing you to deduct 30% of the cost of installing a solar system from your federal taxes. This credit applies to both residential and commercial installations and is available for systems installed by December 31, 2032, after which it will decrease to 26% in 2033 and 22% in 2034. It’s designed to encourage the adoption of solar energy and reduce the initial cost of solar installations.

Mississippi Solar Rebates: In 2022, the Mississippi Public Service Commission launched a rebate program offering up to $3,500 for homeowners who install solar systems ranging from 3 kW to 20 kW. A system like the World4Solar 7.38kW HelioWing 5 applies to these requirements and could save you the full $3,500. To qualify, the system must undergo an energy efficiency audit and it should not exceed 110% of the home’s yearly energy usage.

Net Metering: Mississippi hasn’t adopted traditional net metering, but its alternative program mirrors its benefits closely, compensating homeowners for surplus solar energy at the avoided cost rate plus an extra 2.5 cents per kilowatt hour, unlike the usual retail rate compensation. This system effectively reduces electric bills. Additionally, low-income families, defined as those earning up to 250% of the federal poverty level, get an extra 2 cents per kWh, limited to the first 1,000 eligible households.

Reduce Solar Cost in Missouri

Federal and State Specific Incentives for Missouri

Missouri’s sunny weather, especially in major cities like Kansas City and St. Louis with over 240 sunny days annually, is ideal for solar energy. The state requires about four to five hours of peak sunlight daily for effective solar panel operation. Additionally, Missouri’s net metering policy allows residents to earn from surplus energy produced by their solar installations.

Property Tax Exemption: Adding a solar power system can significantly increase your home’s value, and thanks to property tax exemptions in Missouri, this increase won’t lead to higher property taxes. This exemption can result in substantial savings across the solar system’s lifespan of around three decades.

The Property Assessed Clean Energy (PACE) Program: PACE Program in Missouri allows homeowners to finance the upfront cost of energy improvements to their properties, such as solar installations, and repay the cost over time through their property tax bill. This approach provides accessible financing, making it easier for homeowners to invest in solar energy by spreading the cost over several years. More information can be found here: PACE Program

Net Metering: Similar to other states, Missouri allows solar panel users to sell surplus energy back to certain utility provider, crediting their utility accounts through net metering for systems up to a size of 100kW. Those utility providers are:

Ameren Missouri Solar Rebate: Ameren covers a large area of mid-Missouri, including St. Louis, Jefferson City and Cape Girardeau. It also has coverage in Kansas City. Solar rebates depend on the size of your solar system. Ameren customers can receive $0.25 per watt up front, which can result in annual savings of around $2,500 for a 9.84-kW system such as the HelioWing 7 system by World4Solar.

Columbia Water & Light Solar Rebate: Columbia Water & Light has rebates between $375 and $625 per kilowatt of solar power produced for systems less than 10 kW such as the World4Solar 9.84kW HelioWing 7. Systems between 10 and 50 kW can receive a rebate between $300 and $500.

Evergy: Evergy covers the western part of Missouri in cities like Kansas City, St. Joseph, Clinton, Salisbury and Chillicothe. Evergy bases its rebate on the system size installed at $0.25 per watt.

Liberty Utilities Solar Rebate: Liberty Utilities covers counties across Missouri with its largest area along the western and southwestern border of the state. Liberty Utilities offers a rebate of $0.25 per watt generated.

Reduce Solar Cost in Montana

Federal and State Specific Incentives for Montana

Adding solar panels to your home in Montana is a valuable investment. To help with the costs, you can tap into several financial aids such as tax exemptions, net metering, state tax credits, and low-interest loans, alongside federal tax incentives. Explore Montana’s solar incentives to make an informed decision about integrating solar energy into your home.

The Federal Solar Investment Tax Credit (ITC): Offering a considerable economic benefit, the Federal Solar Investment Tax Credit enables a 30% deduction from federal taxes for the cost of solar system installations in Montana, applicable to both homes and businesses. This deduction is available until December 31, 2032, then decreases in the next two years, aiming to foster solar energy adoption and diminish upfront installation costs. Thanks to the program, you can erase a substantial part of the $43,600 purchase price of a system like the World4Solar 7.38kW HelioWing 5, with PV panels and an integrated inverter, resulting in a $13,080 rebate.

Property Tax Exemption: Adding a solar power system can significantly increase your home’s value, and thanks to property tax exemptions in Montana, this increase won’t lead to higher property taxes. This exemption runs over a span of 10 years from the time the system was installed.

Alternative Energy Revolving Loan Program: In Montana, the Alternative Energy Revolving Loan Program offers homeowners a loan for solar projects at a fixed rate of 3.5% over up to 10 years for amounts up to $40,000. This interest rate is notably lower than the typical range of 4% to 7% found in most solar loans.

Alternative Energy Systems Income Tax Credit: Montana residents can also claim the Alternative Energy Systems Income Tax Credit for up to $500. A couple can each claim the credit for a combined $1,000 credit if both paid for a system that cost $1,000 or more.

Net Metering: Similar to other states, Montana allows solar panel users to sell surplus energy back to their utility provider, crediting their utility accounts through net metering with all investor-owned utility providers.

Reduce Solar Cost in Nebraska

Federal and State Specific Incentives for Nebraska

Solar energy in Nebraska, currently at 0.3% of the state’s energy mix, is poised for growth. With 220 sunny days a year, Nebraska’s conditions are favorable for solar systems. Enhancements such as net metering and lower loan rates further ease the financial aspect of adopting solar power. It’s worthwhile to explore Nebraska’s solar incentives thoroughly before making the decision to invest in solar technology.

The Federal Solar Investment Tax Credit (ITC): A significant financial incentive for solar energy investments in Nebraska, allowing you to deduct 30% of the cost of installing a solar system from your federal taxes. This credit applies to both residential and commercial installations and is available for systems installed by December 31, 2032, after which it will decrease to 26% in 2033 and 22% in 2034. It’s designed to encourage the adoption of solar energy and reduce the initial cost of solar installations. This may reduce the investment for a high-end system like the World4Solar 9.84kW HelioWing 7, starting at around $49,000 with PV panels and an integrated inverter, by a staggering $14,700 down to $34,300.

Nebraska Dollar and Energy Savings Loans: The program offers fixed-rate loans for homeowners across the state through lenders. The rates are 5%, 3.5% or lower and loans can last as long as 15 years. Loan maximums range from $125,000 to $500,000, depending on the type of home you’re installing solar on. More information about it here.

The Property Assessed Clean Energy (PACE) Program: PACE Program in Nebraska allows homeowners to finance the upfront cost of energy improvements to their properties, such as solar installations, and repay the cost over time through their property tax bill, lower loads or keep interests for loans at a low level. This approach provides accessible financing, making it easier for homeowners to invest in solar energy by spreading the cost over several years. More information can be found here: PACE Program

Omaha Public Power District Solar Rebate: This program offers a $2,000 rebate when you install a qualifying solar system through a Solar/Customer-Owned Generation Trade Ally.

Net Metering: Nebraska offers solar panel owners to sell surplus energy back to their utility provider, crediting their utility accounts over the following billing period through net metering. However, rates vary as utility companies set rates for electricity.

Reduce Solar Cost in Nevada

Federal and State Specific Incentives for Nevada

Considering a move to solar energy in Nevada? The state’s abundant sunny days, competitive solar installation costs, and high solar utilization rate position Nevada as a top contender for solar energy. With the year 2023 in sight, federal and state incentives can significantly lower the cost of switching. However, many of these incentives have time or funding limits, so getting familiar with the specifics and timing your project well is crucial to maximize benefits.

The Federal Solar Investment Tax Credit (ITC): A significant financial incentive for solar energy investments in Nevada, allowing you to deduct 30% of the cost of installing a solar system from your federal taxes. This credit applies to both residential and commercial installations and is available for systems installed by December 31, 2032, after which it will decrease to 26% in 2033 and 22% in 2034. It’s designed to encourage the adoption of solar energy and reduce the initial cost of solar installations. This way, you can erase a substantial part of the $43,600 purchase price of a system like the World4Solar 7.38kW HelioWing 5, with PV panels and an integrated inverter, resulting in a $13,080 rebate.

Net Metering: Under Navada’s net metering policy, utilities compensate you for surplus electricity generated by your solar system, ensuring you receive extra value for your solar investment. The largest utility supplier companies in NV pay you back 75% of the electricities retail price.

Solar Access Rights: In Nevada, solar access laws ensure your right to install solar panels and produce electricity, safeguarding against restrictions by contracts or homeowner association rules. You also have the option to establish a solar easement with neighbours, guaranteeing uninterrupted sunlight for your solar energy generation. The program outline can be found here.

Reduce Solar Cost in New Hampshire

Federal and State Specific Incentives for New Hampshire

The optimal states for solar panel installation often have strong incentives rather than just sunny skies. New Hampshire, despite its many cloudy days, offers enticing solar incentives, making it an appealing choice for adopting renewable energy. The investment in solar panels can become financially viable over time, especially with the aid of federal, state, and local incentives. The federal tax credit is a primary way to save in New Hampshire, supplemented by additional state-specific incentives for its residents.

The Federal Solar Investment Tax Credit (ITC): Offering a considerable economic benefit, the Federal Solar Investment Tax Credit enables a 30% deduction from federal taxes for the cost of solar system installations in New Hampshire, applicable to both homes and businesses. This deduction is available until December 31, 2032, then decreases in the next two years, aiming to foster solar energy adoption and diminish upfront installation costs. This way, you can erase a substantial part of the $49,000 purchase price of a high-end system like the World4Solar 9.84kW HelioWing 7, with PV panels and an integrated inverter, resulting in a $14,700 rebate.

Property Tax Exemption: Adding a solar power system can significantly increase your home’s value, and thanks to property tax exemptions in New Hampshire, this increase won’t lead to higher property taxes. This exemption can result in substantial savings across the solar system’s lifespan of around three decades.

New Hampshire Low Income Home Energy Assistance Program (LIHEAP): Through collaboration with local Community Action Agencies, the Energy Assistance Program supports households based on pre-tax income to make energy bills more manageable. This program, aimed at fostering affordability, extends its benefits to cover solar energy expenses, including community solar subscription fees. Additionally, grant recipients receive guidance on selecting community solar subscriptions. More information and requirements can be found here.

Net Metering: Under New Hampshire’s net metering policy, utilities compensate you for surplus electricity generated by your solar system by credits on your utility bill, ensuring you receive extra value for your solar investment. Those credits can then be used to offset the cost of electricity when solar panels are not producing enough energy to meet the household’s needs — such as during winter months.

Reduce Solar Cost in New Jersey

Federal and State Specific Incentives for New Jersey

New Jersey, boasting an average of over 205 sunny days per year, is ideally suited for solar energy utilization. The state aims for 4.1% of its electricity sales to be solar by 2028 and to achieve 50% renewable energy production by 2030. To reach these targets, New Jersey provides a variety of financial incentives such as tax benefits and rebates, making the transition to solar energy both eco-friendly and financially advantageous for its residents.

The Federal Solar Investment Tax Credit (ITC): A significant financial incentive for solar energy investments in New Jersey, allowing you to deduct 30% of the cost of installing a solar system from your federal taxes. This credit applies to both residential and commercial installations and is available for systems installed by December 31, 2032, after which it will decrease to 26% in 2033 and 22% in 2034. It’s designed to encourage the adoption of solar energy and reduce the initial cost of solar installations.

Successor Solar Incentive (SuSI) Program: The SuSI Program is the long-term permanent solar program for providing incentives to new solar generation facilities connected to the transmission or distribution systems of New Jersey electric public utilities or local government units. For every megawatt-hour (MWh) of electricity your solar system generates, you will receive one SREC-II certificate. If you have a residential solar installation, you will be guaranteed a payment of $90 for each SREC-II earned over a span of 15 years.

Sales Tax Exemption: When you purchase a solar energy system in New Jersey, the equipment is exempt from sales tax under New Jersey’s sales tax exemption for electrical generating equipment, saving you a great 6.625% on your purchase price. When purchasing e.g. a World4Solar 7.38kW HelioWing 5 system at around $43,600, this can save you about $2,890. Program outline can be found here.

Property Tax Exemption: Adding a solar power system can significantly increase your home’s value, and thanks to property tax exemptions in New Jersey, this increase won’t lead to higher property taxes. This exemption can result in substantial savings across the solar system’s lifespan of around three decades.

Net Metering: New Jersey offers solar panel owners to sell surplus energy back to their utility provider at full retail price, crediting their utility accounts over the following billing period through net metering.

Reduce Solar Cost in New Mexico

Federal and State Specific Incentives for New Mexico

New Mexico shines as a top choice for solar power thanks to its abundant sunlight and some of the most attractive solar incentives in the country. For those considering solar energy, the investment in the Land of Enchantment typically pays off. Residents should familiarize themselves with the specific benefits and opportunities for solar energy within the state.

The Federal Solar Investment Tax Credit (ITC): Offering a considerable economic benefit, the Federal Solar Investment Tax Credit enables a 30% deduction from federal taxes for the cost of solar system installations in New Mexico, applicable to both homes and businesses. This deduction is available until December 31, 2032, then decreases in the next two years, aiming to foster solar energy adoption and diminish upfront installation costs. In fact, you can erase a substantial part of e.g. the $49,000 purchase price of a high-end system like the World4Solar 9.84kW HelioWing 7, with PV panels and an integrated inverter, resulting in a $14,700 rebate.

New Mexico Solar Tax Credit: The 10% tax credit, available for solar installations by homeowners, businesses, and farms, offers a reduction in state taxes by 10%, capped at $6,000.

Sustainable Building Tax Credit: The New Mexico state government offers a tax credit for solar installations as part of sustainable building efforts for your home. To be eligible, your home must be certified as sustainable by the U.S. Green Building Council, with the credit value based on the level of certification achieved, reaching up to $6.50 per square foot.

Property Tax Exemption: Installing a solar system will increase your property value, but you won’t pay extra taxes for it in New Mexico. This exemption can result in substantial savings across the solar system’s lifespan of around three decades.

Net Metering: Similar to other states, New Mexico allows solar panel users to sell surplus energy back to their utility provider, crediting their utility accounts through net metering. However, it’s important to note that specific details of New Mexico’s net metering policy, such as the eligibility criteria, system size limits and credit rates, may vary depending on the utility company and the regulatory framework in place.

Reduce Solar Cost in New York

Federal and State Specific Incentives for New York

Despite its often cloudy weather, New York stands out as an excellent state for solar panel installation, thanks to substantial incentives. Homeowners considering solar in 2023 can benefit from a variety of federal, state, and local incentives, including tax credits, rebates, and favorable net metering policies. While many of these programs are time-sensitive or subject to funding availability, seizing these opportunities when they arise is recommended for those looking to switch to solar.

The Federal Solar Investment Tax Credit (ITC): A significant financial incentive for solar energy investments in New York, allowing you to deduct 30% of the cost of installing a solar system from your federal taxes. This credit applies to both residential and commercial installations and is available for systems installed by December 31, 2032, after which it will decrease to 26% in 2033 and 22% in 2034. It’s designed to encourage the adoption of solar energy and reduce the initial cost of solar installations.

New York State Solar Equipment Tax Credit: New York State offers a 25% tax credit on the total cost of solar panel system installations through the New York State Solar Equipment Tax Credit. This state-level incentive complements the Federal Solar Tax Credit, allowing for enhanced tax savings by combining both. However, the state credit caps at $5,000, but is available even for leased or PPA systems, which differ from the federal ITC qualifications. This tax credit is non-refundable but can be carried over for up to five years if the taxpayer’s owed amount is less than the credit. More information here.

Megawatt Block Incentive: Under the NY-Sun Initiative, the Megawatt Block Incentive program offers financial benefits to homeowners installing solar systems, with the amount based on the system’s capacity. In Upstate New York, for instance, an incentive of $0.30 per watt is provided, equating to $2,950 for an 9.84kW setup such as the World4Solar HelioWing 7. This incentive is currently limited to Upstate and Con Edison service areas, excluding Long Island. Eligibility requires installation by a certified NY-Sun contractor, who will directly provide the rebate. Detailed information can be found here.

EmPower+ Eligibility Program: This program aims to lower the cost of installing solar panels for New York households where the earnings are 80% lower than the median income for the county. Apply here.

Sales Tax Exemption: When you purchase a solar energy system in New York, the equipment is exempt from sales tax under New York’s sales tax exemption for electrical generating equipment, saving you 4% on your purchase price. When purchasing e.g. a World4Solar 7.38kW HelioWing 5 system at around $43,600, this can save you over $1,700 additionally.

Property Tax Exemption: Adding a solar power system can significantly increase your home’s value, and thanks to property tax exemptions in New York, this increase won’t lead to higher property taxes. This exemption can result in substantial savings across the solar system’s lifespan of around 30 years.

Net Metering: In New York, net metering arrangements differ across utility companies, including Con Edison, National Grid, and PSE&G, but the principle remains consistent. Solar users connected to the grid can accrue credits for excess generated power, which can be used during periods of low production, such as winter, leading to reduced utility bills. This facility is accessible for residential setups up to 25 kW. Although there are nominal Consumer Benefit Contribution (CBC) fees applied by the utilities, these charges are generally low.

VDER Value Stack: This is New Yorks alternative to net metering that the state seems to be moving towards. Value of Distribution Energy Resource (VDER) Value Stack is a bit trickier to understand than net metering, but is essentially an alternative way to get credits based on the Value Stack Tariff. Whereas net metering just looks at one factor — electricity exchanged — VDER Value Stack takes into account energy value, environmental value, demand reduction value and more. Once you switch from net metering to VDER Value Stack, there is no going back. More information can be found here.

Reduce Solar Cost in North Carolina

Federal and State Specific Incentives for North Carolina

Since its establishment in 2007, North Carolina’s Renewable Energy and Energy Efficiency Portfolio Standard (REPS) has been advancing renewable energy, with the state ranking fourth nationally for installed electric capacity in 2022, per the Solar Energy Industries Association. North Carolina provides incentives such as tax credits, rebates, and programs through state initiatives and electric companies to encourage solar adoption among homeowners and businesses. This guide delves into the available financial aids for solar installations in North Carolina, offering valuable insights for those considering solar energy.

The Federal Solar Investment Tax Credit (ITC): A significant financial incentive for solar energy investments in North Carolina, allowing you to deduct 30% of the cost of installing a solar system from your federal taxes. This credit applies to both residential and commercial installations and is available for systems installed by December 31, 2032, after which it will decrease to 26% in 2033 and 22% in 2034. It’s designed to encourage the adoption of solar energy and reduce the initial cost of solar installations.

State Property Tax Exemption: As long as a system owned by individuals is not used to produce income, or has a connection with a business, it is not taxable and will therefore not increase your property tax due to its value increase through solar (which can be around 4% on average). More information in this PDF.

Low-Interest Loans for Solar Panel Installation: The U.S. Department of Agriculture offers loans and grants to agricultural producers and rural small businesses for renewable energy system installations or improvements. In North Carolina, these financial aids support the purchase and installation of solar systems, both small and large. The program guarantees up to 75% of the project’s eligible costs.

Net Metering: Net metering in North Carolina tracks the excess energy generated by your solar panels and credits it against your future electric bills. A billing meter, installed by your chosen solar company, records electricity flowing to and from the grid. Monthly statements detail your electricity consumption and the amount contributed to the grid.

Further local North Carolina incentives

Duke Energy Solar Rebate Program: Duke Energy’s North Carolina Solar Rebate Program offers rebates to its residential, commercial, and nonprofit customers installing solar systems.

Residential customers receive $0.40 per watt for systems up to 10 kilowatts, translating to a possible $3,900 rebate for a system like the World4Solar 9.84kW HelioWing 7
Commercial entities are eligible for $0.30 per watt, with a cap at $30,000.
Nonprofits can receive up to $0.75 per watt, up to $75,000.

Eligibility requires being a Duke Energy customer in North Carolina and the property owner where the system is installed. Enrollment may be competitive due to waitlists and can be done here.

Piedmont Electric Member Corporation Renewable and Solar Energy Loan Program: The Piedmont Electric Corporation extends multiple incentives for embracing renewable energy. They offer a solar energy loan to members for acquiring and setting up solar panels and water heaters, with up to $15,000 available for seven years at a 5% fixed interest rate. Additionally, they provide a Solar Energy Systems Tax Credit for owners of solar panels and water heaters, requiring that over half of the energy generated by the home’s system is solar-based and that the system is SRCC certified.

Reduce Solar Cost in North Dakota

Federal and State Specific Incentives for North Dakota

Despite North Dakota’s legislative landscape not being particularly favorable towards solar energy adoption for homeowners, the decline in solar equipment and installation costs worldwide presents a compelling case for considering a solar investment in the state. Nowadays, the return on investment for home solar systems is notably quicker, with payback periods reducing by approximately five years compared to just a few years ago. For those contemplating solar energy in North Dakota, exploring the financial benefits and incentives is a step worth taking.

The Federal Solar Investment Tax Credit (ITC): Offering a considerable economic benefit, the Federal Solar Investment Tax Credit enables a 30% deduction from federal taxes for the cost of solar system installations in North Dakota, applicable to both homes and businesses. This deduction is available until December 31, 2032, then decreases in the next two years, aiming to foster solar energy adoption and diminish upfront installation costs. This will reduce the investment for a high-end system like the World4Solar 9.84kW HelioWing 7, starting at around $49,000 with PV panels and an integrated inverter, by a staggering $14,700 down to $34,300.

Property Tax Exemption: Adding a solar power system can significantly increase your home’s value, and thanks to property tax exemptions in North Dakota, this increase won’t lead to higher property taxes. All residential systems up to 100kW apply to that. This exemption can result in substantial savings across the solar system’s lifespan of around 30 years.

Net Metering: North Dakota offers solar panel owners to sell surplus energy back to their utility provider, crediting their utility accounts over the following billing period through net metering. However, currently only investor-owned utility companies such as Montana-Dakota Utilities Company, Northern States Power Company and Otter Tail Power Company are obligated to offer net metering.

Reduce Solar Cost in Ohio

Federal and State Specific Incentives for Ohio

Investing in solar photovoltaic (PV) systems in Ohio can significantly lower energy costs over time, despite initial high costs. Fortunately, a combination of federal, state, and local incentives, including tax credits and rebates, make solar investments more attainable. These financial aids aim to promote energy independence and reduce carbon footprints. This guide outlines the available solar benefits and incentives in Ohio, providing essential information for those considering transitioning to solar energy.

The Federal Solar Investment Tax Credit (ITC): A significant financial incentive for solar energy investments in Ohio, allowing you to deduct 30% of the cost of installing a solar system from your federal taxes. This credit applies to both residential and commercial installations and is available for systems installed by December 31, 2032, after which it will decrease to 26% in 2033 and 22% in 2034. It’s designed to encourage the adoption of solar energy and reduce the initial cost of solar installations.

Solar Renewable Energy Certificates (SRECs): Homeowners in Ohio get one SREC for every 1,000 kWh produced by their solar panels. These credits can then be sold to local power companies that are subject to the state’s Renewable Portfolio Standard. The current selling price for one SREC in Ohio is set at $50, but realistic payouts are far lower at around $5 as of 2024. But still, better than nothing! Current market prices can be found here.

Qualified Energy Project Tax Exemption: Solar energy projects in Ohio that comply with specific standards can access a Solar Sales Tax Exemption, saving on the state’s average 5.7% sales tax. This exemption applies to tangible personal property involved in approved “qualified energy projects” using solar panels for electricity generation. Eligibility requires meeting several criteria such as timely application, adherence to construction schedules, and securing necessary approvals. Once qualified, these projects enjoy tax exemption on their tangible personal and commercial property for designated tax years. Taking a premium system like the World4Solar 7.38kW HelioWing 5 with a $43,600 price tag, this incentive can save you around $2,500.

Energy Conservation for Ohioans (ECO-Link) Program: ECO-Link is a partnership between the Ohio Treasurer of State and local banks designed to assist Ohio homeowners in financing home improvements, including solar PV system installations. Through this program, participants can benefit from up to a 3% reduction in interest rates on bank loans for periods up to seven years. A good starting point to find application material and more is this PDF.

Ohio Property-Assessed Clean Energy (PACE) Financing: The Ohio PACE program collaborates with local governments to link property owners to approved capital providers and contractors. It offers fixed-rate PACE loans with terms ranging from 15 to 25 years, allowing both commercial and residential owners to finance 100% of the costs for energy projects upfront. Information about the program can be found here.

Net Metering: Solar panels convert sunlight into energy. When they produce more energy than used, the surplus is sent back to the public grid, providing clean energy to others. Homeowners receive credits for this excess power, which can be used to reduce future utility bills. Conversely, if their system generates less than their usage, they must cover the difference with the utility company.

Further, Ohio local incentives

City of Cleveland’s Residential Tax Abatement: The City of Cleveland’s tax abatement program supports those building or enhancing properties to meet green building standards by waiving property taxes on the increased value from such improvements for 15 years. This includes the addition of solar panels, which might otherwise raise your home’s property tax. By installing solar panels, your property value could increase, but thanks to this program, you won’t pay additional taxes on that extra value for a decade and a half. This exemption is applicable to both new builds and renovations of single or two-family homes. Personal consultation and valuable information about the program can be found here.

Cincinnati Property Tax Exemption: Homeowners in Cincinnati, like those in Cleveland, can utilize a city-offered tax abatement program to prevent property tax increases following home upgrades. This initiative ensures that while the addition of solar panels may boost your home’s market value, it will not increase your property taxes for up to 15 years. To qualify, homes must achieve LEED certification standards, and applications can be submitted via the city’s official website. More information can be acquired here.

Hamilton County Home Improvement Program (HIP): Hamilton County’s Home Improvement Program (HIP) provides Hamilton County homeowners with five-year loans up to $50,000 for home repairs or remodeling. The loans come with interest rates that are 3% lower than the minimum rate typically offered by banks. This financing can be applied to projects like installing solar panels. This page informs whether your planned system applies to their requirements or not.

Reduce Solar Cost in Oklahoma

Federal and State Specific Incentives for Oklahoma

While Oklahoma is often known for its severe weather, it also enjoys about 230 sunny days annually, making it an excellent location for solar energy. However, solar panels demand a substantial initial investment. To help offset these costs, Oklahoma offers a range of incentives to make solar power more accessible and financially viable for residents.

The Federal Solar Investment Tax Credit (ITC): A significant financial incentive for solar energy investments in Oklahoma, allowing you to deduct 30% of the cost of installing a solar system from your federal taxes. This credit applies to both residential and commercial installations and is available for systems installed by December 31, 2032, after which it will decrease to 26% in 2033 and 22% in 2034. It’s designed to encourage the adoption of solar energy and reduce the initial cost of solar installations. For a Hurricane-proof high-end system like the World4Solar 9.84kW HelioWing 7 Hurricane, starting at about $60,000, this can save you a great $20,000 on purchase price.

Net Metering: In Oklahoma, residents who produce surplus energy through their solar panels can enroll in a net metering program. This allows them to send excess energy back to the grid in exchange for credits on their utility bills. The program is mandated by the Oklahoma Corporation Commission for all investor-owned utilities, including Liberty Utilities, Public Service Company of Oklahoma, and Oklahoma Gas & Electric. However, there may be a fee to participate, and the credits may not reflect the full retail value of the energy produced, which limits the potential savings compared to other states.

Reduce Solar Cost in Oregon

Federal and State Specific Incentives for Oregon

Oregon is emerging as a leader in solar energy, bolstered by robust incentives and strong net metering policies. Despite its rainy reputation, Oregon receives ample sunlight to support solar energy, making it a viable option. This article delves into Oregon’s solar landscape in 2024, highlighting state programs like the Oregon Solar + Storage Rebate and Solar Within Reach. Additionally, it covers local incentives in Eugene, Salem, and Ashland, presenting solar power as a cost-effective and sustainable choice for Oregonians.

The Federal Solar Investment Tax Credit (ITC): Offering a considerable economic benefit, the Federal Solar Investment Tax Credit enables a 30% deduction from federal taxes for the cost of solar system installations in Oregon, applicable to both homes and businesses. This deduction is available until December 31, 2032, then decreases in the next two years, aiming to foster solar energy adoption and diminish upfront installation costs. This will reduce the investment for a high-end system like the World4Solar 9.84kW HelioWing 7, starting at around $49,000 with PV panels and an integrated inverter, by a staggering $14,700 down to $34,300.

Oregon Solar + Storage Rebate Program: The Oregon Solar + Storage Rebate Program assists residential customers and low-income service providers by offering rebates. These rebates are distributed to eligible contractors who then extend the discounts to their customers. Through this program, you can get rebates of up to $5,000 for solar electric installations and up to $2,500 for energy storage systems.

Low- or moderate-income household: Up to $1.80 per watt of installed capacity, (Max. 60% of the net cost or $5,000, whichever is less)
Homeowners not considered low- or moderate-income who are also eligible for an electric utility incentive: Up to $0.20 per watt of installed capacity
Homeowners not considered low- or moderate-income who are not eligible for an electric utility incentive: Up to $0.50 per watt (Max. 40% of the net cost or $5,000, whichever is less)

More information about this program is listed here.

Net Metering: Similar to other states, Oregon allows solar panel users to sell surplus energy back to their utility provider by law, crediting their utility accounts through net metering. However, it’s important to note that specific details of Oregon’s net metering policy, such as the eligibility criteria, system size limits and credit rates, may vary depending on the utility company and the regulatory framework in place. Relevant information can be found here.

Further, Oregon local incentives

Solar Within Reach: The Solar Within Reach Program targets Portland General Electric or Pacific Power customers who meet specific income criteria, for instance, a single-person household must earn no more than $62,530 annually, and a family of four must not exceed $120,252. This program employs only Energy Trust-approved solar contractors, who directly receive the Energy Trust cash incentives to reduce your solar installation costs.

For Portland General Electric, incentives are $0.90 per watt, up to $5,400.
For Pacific Power, $1.00 per watt, up to $6,000.

Additionally, storage incentives offer up to $10,000. After installation, you may also qualify for tax credits. For full program details, please check the official program website. More information and resources regarding the Solar Within Reach program here.

EWEB Solar Incentive program: In Eugene, the Eugene Water and Electric Board (EWEB) runs a rebate initiative that offers eligible participants up to $0.40 per watt installed, with a maximum of $2,000. This rebate is subject to a limited annual budget and is allocated on a first-come, first-served basis. More details can be found here.

Salem Electric Energy Efficiency program: Customers are eligible for a $300 per kW rebate when installing solar systems, capped at 50% of the project costs or $1,500 maximum. This rebate is available for net-metered solar systems with a capacity up to 25kW that meet Salem Electric’s Net Metering Policy. Applications and additional information here.

Ashland Solar Electric program: Ashland residents can receive $600 of rebate on installed solar systems that qualify with the programs requirements, e.g. a minimum of 2.5kW production. More details and requirements can be found here.

Reduce Solar Cost in Pennsylvania

Federal and State Specific Incentives for Pennsylvania

Although Pennsylvania is a major supplier of natural gas, coal, and electricity, its solar energy industry is on the rise. In 2021, solar PV installations contributed 11% to the state’s renewable electricity production. Franklin and Lancaster counties alone host nearly 30% of the state’s solar capacity. With 162 sunny days annually and high traditional electricity costs above the national average, Pennsylvania is increasingly turning to solar power as a sustainable, cost-effective alternative.

The Federal Solar Investment Tax Credit (ITC): A significant financial incentive for solar energy investments in Pennsylvania, allowing you to deduct 30% of the cost of installing a solar system from your federal taxes. This credit applies to both residential and commercial installations and is available for systems installed by December 31, 2032, after which it will decrease to 26% in 2033 and 22% in 2034. It’s designed to encourage the adoption of solar energy and reduce the initial cost of solar installations.

Pennsylvania Sunshine Program: The Pennsylvania Sunshine Program incentivizes the adoption of solar technology among homeowners and small businesses by offering $100 million in rebates for solar electric, solar hot water, and battery backup systems. Residential participants can get rebates for installing solar thermal systems or PV systems up to 100 kilowatts of solar capacity, with a cap of $5,000. Small businesses are eligible for similar rebates but must complete one project before applying for another. Note, the Sunshine rebates cannot be stacked with other rebates but can be combined with federal tax credits. These combined may reduce upfront costs for a fully integrated premium system such as World4Solar 7.38kW HelioWing 5 from $43,600 down to $27,000 .Detailed outline about the program here.

Solar Renewable Energy Certificates (SRECs): The Pennsylvania Solar Renewable Energy Certificates (SRECs) program encourages the use of solar power by allowing system owners to earn SRECs for every megawatt-hour (MWh) generated. These certificates can be sold on the market to generate income, current prices are around $35 per SREC. Registered in the PJM Generation Attribute Tracking System, Pennsylvania SRECs became tradable in Ohio as of summer 2022. Participants must register with the Pennsylvania Public Utility Commission as a qualified alternative energy facility to trade SRECs on the GATS platform. Current market prices can be found here.

Net Metering: In Pennsylvania, net metering benefits both residential and commercial solar energy users by allowing them to earn credits for surplus electricity sent back to the grid. This program caters to customers with systems up to 3,000 kW and bills them only for their net energy use after deducting any excess generated. Residential systems are capped at 50 kW and should not produce over 110% of the customer’s estimated yearly electricity use, unless the system is leased. For owned systems, only the capacity limits apply. More in-depth information is listed here.

Further, Pennsylvania local incentives

Solarize Philly: The Solarize Philly program is designed to make solar installation accessible and affordable for Philadelphia residents. Participants receive free, customized solar project proposals based on their specific energy needs and roof space. The Philadelphia Energy Authority ensures competitive pricing by negotiating discounts with installers and suppliers, ensuring all contractors are trustworthy and all equipment is of high quality. Additionally, the program includes the Solar Savings Grant Program, which helps low- and moderate-income households cover some of the installation costs, enabling them to realize savings from the start. The website for this program can be found here.

Philadelphia Solar Rebate Program (currently inactive!): The Philadelphia Solar Incentive Program encourages property owners to install solar systems by offering a one-time incentive after installation approval from PECO. Residential projects receive $0.20 per watt, while commercial ones get $0.10 per watt, with a maximum rebate of $100,000. Notably, at least 10% of the funds are earmarked for low- and moderate-income households. Although currently paused due to budget reallocations for COVID-19 emergencies, the program plans to resume once funds are available, making it advisable to apply post-installation. Therefore, its worthing taking a look from time to time and see if the program is back up here.

Reduce Solar Cost in Rhode Island

Federal and State Specific Incentives for Rhode Island

In 2022, Rhode Island committed to transitioning to 100% renewable energy by 2033, with a focus on wind and solar power. This initiative places emphasis on utilizing solar energy for both residential and commercial uses. Investing in solar technology can be costly initially, but Rhode Island offers numerous incentives that not only help reduce these upfront costs but also ensure that solar investments are financially beneficial over time. It is advisable to collaborate with top solar companies in the state to maximize the returns on your investment.

Renewable Energy Fund (REF) Small-Scale Solar Program: Rhode Islanders looking to adopt solar energy might qualify for grants through the Renewable Energy Fund (REF) Small-Scale Solar Program, specifically for homeowners using net metering. This program offers up to $5,000 in direct savings from the installer, with an additional $2,000 if a solar energy storage system is installed. This brings down the costs for a premium system such as the World4Solar 9.84kW HelioWing 7 by $7,000 to a good $42,000 (before ITC applies). Since funding is limited annually, it’s crucial to ensure your installer applies early to secure these benefits. More details are provided on this site.

Net Metering: Rhode Island homeowners who install solar panels can benefit from a net metering program. This allows them to earn credits on their electric bills for the power their solar system produces, up to 125% of their household’s energy use per billing cycle. This program can significantly lower or even eliminate their electric bills.

Renewable Energy Growth (REG) Program: In Rhode Island, aside from net metering, you can opt for the Renewable Energy Growth (REG) program managed by Rhode Island Energy. This alternative requires a 15 or 20-year contract where you sell your generated solar energy back to Rhode Island Energy in exchange for bill credits or cash payments for any surplus energy. This option prevents simultaneous participation in the net metering program. Detailed outlines and applications for an inspection can be found here.

Connected Solutions Program: Rhode Island Energy’s Connected Solutions compensates homeowners with solar panels during peak electricity demand times on the New England grid. This incentive encourages homeowners to utilize their solar power, helping reduce grid load. It’s available to those participating in both net-metering and the REG Program in Rhode Island. More information here.

Property Tax Exemption: Adding a solar power system can significantly increase your home’s value, and thanks to property tax exemptions in Rhode Island, this increase won’t lead to higher property taxes. This exemption can result in substantial savings across the solar system’s lifespan of around 30 years, depending on your property.

Sales Tax Exemption: When you purchase a solar energy system in Rhode Island, the equipment is exempt from sales tax under Rhode Island’s sales tax exemption for electrical generating equipment, saving you a flat 7% on your purchase price. When purchasing e.g. a fully integrated system like the World4Solar 7.38kW HelioWing 5 system at around $43,600, this can save you over $3,000 additionally.

Reduce Solar Cost in South Carolina

Federal and State Specific Incentives for South Carolina

South Carolina, known for its many sunny days and the necessity to cool homes during hot weather, is an ideal location for solar power. The state offers significant tax credits and incentives that make adopting solar power attractive. Explore the advantages of integrating solar power into your home to determine if it suits your needs.

The Federal Solar Investment Tax Credit (ITC): A significant financial incentive for solar energy investments in South Carolina, allowing you to deduct 30% of the cost of installing a solar system from your federal taxes. This credit applies to both residential and commercial installations and is available for systems installed by December 31, 2032, after which it will decrease to 26% in 2033 and 22% in 2034. It’s designed to encourage the adoption of solar energy and reduce the initial cost of solar installations.

South Carolina State Tax Credit: South Carolina provides an additional tax incentive for residents and businesses adopting solar energy. This solar tax credit amounts to 25% of the total cost, including installation, with a cap of $35,000 or 50% of the taxpayer’s liability for that year, whichever is lower. Annually, the maximum payout is $3,500. This credit can be carried forward for up to 10 years and has no set expiration date. The best part: It can be combined with the Federal ITC. Taking a premium system like the World4Solar 9.84kW HelioWing 7 with a price tag of around $49,000, a combination of these incentives might bring the price down to about $25,750. Information about this program can be found here.

Net Metering: In South Carolina, both residential and commercial users can benefit from net metering. This program enables solar panel users to feed excess electricity back into the grid. They can then use this surplus energy later or sell it to the utility at an agreed-upon rate. This system not only optimizes the use of solar energy but also offers financial rewards for integrating renewable energy solutions.

Reduce Solar Cost in South Dakota

Federal and State Specific Incentives for South Dakota

With its above-average number of sunny days, South Dakota provides ideal conditions for solar energy installation. While state-specific solar incentives are limited, residents can still utilize the federal solar tax credit, which offers a 30% reduction on the installation costs of eligible solar panel systems. This initiative not only lowers electricity bills but also contributes to producing eco-friendly power and enhancing property values.

The Federal Solar Investment Tax Credit (ITC): The program provides a notable advantage for solar energy investment in South Dakota, permitting a 30% federal tax deduction on the installation costs of solar systems. This benefit applies to residential and commercial properties alike and is available until the close of 2032, after which it is reduced, encouraging the shift to solar energy and reducing initial installation expenses. For a fully integrated system such as the World4Solar 7.38kW HelioWing 5 system, this could mean a price drop from $43,600 down to $30,520.

Property Tax Exemption: The Renewable Energy System Exemption offers a property tax break for installing solar systems or batteries up to 5 megawatts. This exemption helps counter the increase in property taxes due to the added value from solar installations by reducing taxes on either the first $50,000 or 70% of the solar system’s assessed value, whichever is more favorable.

Reduce Solar Cost in Tennessee

Federal and State Specific Incentives for Tennessee

Tennessee, with its 207 sunny days annually, offers an excellent environment for solar panel installation. Solar energy can significantly reduce long-term energy costs and minimize your carbon footprint, although initial installation expenses can be high. To help make solar more affordable, Tennessee offers various incentives, including tax credits. This guide will help you navigate the available solar incentives for residents of Tennessee.

The Federal Solar Investment Tax Credit (ITC): Offering a considerable economic benefit, the Federal Solar Investment Tax Credit enables a 30% deduction from federal taxes for the cost of solar system installations in Oregon, applicable to both homes and businesses. This deduction is available until December 31, 2032, then decreases in the next two years, aiming to foster solar energy adoption and diminish upfront installation costs. This will reduce the investment for a high-end system like the World4Solar 9.84kW HelioWing 7, starting at around $49,000 with PV panels and an integrated inverter, by a staggering $14,700 down to $34,300.

Green Energy Property Tax Assessment: When you install solar panels in Tennessee, they increase the value of your property, which could lead to higher property taxes. However, through Tennessee’s Green Energy Property Tax Assessment program, only 12.5% of the value added by your solar installation is subject to property taxes.

Sales Tax Exemption: When you purchase a solar energy system in Tennessee, the equipment is exempt from sales tax under Tennessee’s sales tax exemption for electrical generating equipment, saving you a flat 7% on your purchase price. When purchasing e.g. a fully integrated system like the World4Solar 7.38kW HelioWing 5 system at around $43,600, this can save you over $3,000 additionally.

Reduce Solar Cost in Texas

Federal and State Specific Incentives for Texas

In Texas, the solar industry is booming, second only to California, producing over 14% of the nation’s solar energy. With lower-than-average costs for solar panels and more than 200 sunny days annually, Texas offers excellent value for those considering solar. The state provides multiple incentives, including localized net metering, a variety of rebate programs, federal tax rebates, and tax exemptions, making the transition to solar energy both cost-effective and appealing.

The Federal Solar Investment Tax Credit (ITC): A significant financial incentive for solar energy investments in Texas, allowing you to deduct 30% of the cost of installing a solar system from your federal taxes. This credit applies to both residential and commercial installations and is available for systems installed by December 31, 2032, after which it will decrease to 26% in 2033 and 22% in 2034. It’s designed to encourage the adoption of solar energy and reduce the initial cost of solar installations. This will reduce the upfront investment for a high-end system like the World4Solar 9.84kW HelioWing 7, starting at around $49,000 with PV panels and an integrated inverter, by a staggering $14,700 down to $34,300.

Property Tax Exemption: Adding a solar power system can significantly increase your home’s value, and thanks to property tax exemptions in Texas, this increase won’t lead to higher property taxes. This exemption can result in substantial savings across the solar system’s lifespan of around 30 year

Net Metering: Although Texas is among the fastest-growing states for solar energy, it lacks a uniform net metering policy that typically helps homeowners save on electric bills by crediting them for excess solar energy produced. Instead, various retail electric providers and utilities in Texas offer their own versions of solar buyback programs, which can significantly differ in terms of billing and compensation for solar energy contributions. This variety makes it challenging for homeowners to understand and choose the best solar options available to them. A comprehensive guide with valuable information can be found here.

Further, Texas local incentives

American Electric Power SMART Source Solar PV Program: Customers of AEP can earn a hefty rebate whose size depends on the size of the system, up to $3,000. More insights are listed here.

Austin Energy Solar Photovoltaic Rebates & Incentives: Austin Energy offers a rebate of $2,500 for customers who install solar panel systems, provided they also complete a solar education course to qualify. More information here.

Oncor Residential Solar Program: Oncor, which is the state’s largest electrical utility provider, offers a solar rebate to customers who install a qualifying solar system, including battery. Individual rebates depend on the system you want to install, so it is recommended to look up options here.

SMTX Solar PV Rebate: Customers of the San Marcos utility provider need to get pre-approved for the solar rebate program. Those who qualify can earn a rebate up to $2,500. Additional information here.

Reduce Solar Cost in Utah

Federal and State Specific Incentives for Utah

Utah’s sunny climate powers over half a million solar homes. As 2023 brings peak federal tax credits and Utah’s key solar incentive nears its year-end expiry, it’s an opportune time for solar installation. Though the initial costs are considerable, the long-term savings are significant. This year especially offers substantial financial benefits for those looking to harness solar energy.

Rocky Mountain Power Wattsmart Battery Program: If you opt for a qualifying battery with your solar installation, you could qualify for the Wattsmart Battery program from Rocky Mountain Power. Begin by partnering with an approved installer and choosing a compatible battery. Once installed and functional, you’ll receive a $400 per kWh rebate for your battery’s capacity. From the second year, you’ll also receive an ongoing $15 per kWh annually. For instance, a 25kWh battery such as the one that can be purchased as integrated storage with the World4Solar 9.84kW HelioWing 7 or World4Solar 7.38kW HelioWing 5 system would secure an initial $10,000 rebate, plus an annual $375 thereafter. Information about other batteries models can be found here.

Net Metering: Utah does not offer state-wide net metering unfortunately. However, some utility companies may offer it to you at varying conditions, depending on your area and service company. Rocky Mountain Power, the primary energy provider in the state, delivers over 80% of Utah’s energy. The company supports net metering for residential systems under 25 kW. However, credits are valued at approximately $0.07 per kWh, which is below the retail rate. Notably, any unused credits expire annually at the end of March, a policy recently affirmed by the Utah Supreme Court despite protests from solar advocates. Exact rates can be found here.

Reduce Solar Cost in Vermont

Federal and State Specific Incentives for Vermont

Solar energy now provides over 20% of Vermont’s electricity, with expectations for this figure to increase (per the Solar Energy Industries Association). This growth benefits Vermont’s environmental outlook and financially aids homeowners through several solar incentives. Adopting solar energy in Vermont not only reduces carbon footprints but also offers financial benefits like tax credits, exemptions, rebates, and lower energy bills. Despite the substantial initial costs of installing solar panels, these investments often recoup their value within a decade.

The Federal Solar Investment Tax Credit (ITC): A significant financial incentive for solar energy investments in Vermont, allowing you to deduct 30% of the cost of installing a solar system from your federal taxes. This credit applies to both residential and commercial installations and is available for systems installed by December 31, 2032, after which it will decrease to 26% in 2033 and 22% in 2034. It’s designed to encourage the adoption of solar energy and reduce the initial cost of solar installations.

Sales Tax Exemption: When purchasing a solar energy system in Vermont, the equipment is exempt from the 6% sales and use tax that usually apply to goods purchased in Vermont. This can mean substantial savings of over $2,600 when you think about installing a fully integrated premium system like the World4Solar 7.38kW HelioWing 5 system, priced at around $43,600 before any incentives apply.

Property Tax Exemption: Adding a solar power system can significantly increase your home’s value, and thanks to property tax exemptions in Vermont, this increase won’t lead to higher property taxes. With 1.73% property taxes in Vermont, this can result in good savings across the solar system’s lifespan of around 30 year.

Net Metering: In Vermont, residents with solar panels can engage in net metering, a system that credits electric bills for the surplus electricity their panels produce and send back to the grid. If the solar system generates more power than the household consumes, the homeowner could essentially eliminate their electric bills. Over time, the savings accrued from reduced utility bills can fully offset the initial cost of transitioning to solar energy.

Further, Vermont local incentives

Green Mountain Power’s Bring Your Own Device Program: Customers of Green Mountain Power who switch to solar and incorporate a home battery might qualify for a rebate through the Bring Your Own Device program, which offers up to $10,500. Participants in the program must also agree to allow Green Mountain Power to utilize some of the stored energy during peak demand times to receive this rebate. Detailed information about the program here.

Reduce Solar Cost in Virginia

Federal and State Specific Incentives for Virginia

If you’re thinking about installing solar panels in Virginia, now is an excellent time. With the federal Investment Tax Credit rate recently increased and new state legislation exempting solar installations from property tax hikes, Virginia homeowners stand to benefit significantly. Additionally, Virginia’s higher than average number of sunny days further enhances the appeal and financial viability of adopting solar energy. However, grasping the full extent of these financial opportunities requires understanding the specifics of these incentives.

Sales Tax Exemption: Currently, Virginia does not offer a sales tax exemption for solar panels, requiring homeowners to pay the state’s base sales tax of 4.3% plus any local taxes. However, Virginia does provide a property tax exemption which is a recent addition, and it’s possible that a sales tax exemption might be considered in the future. To offset some costs, Virginia allows taxpayers to deduct 20% of the sales tax paid on solar equipment from their personal income tax, with a maximum deduction of $500.

Property Tax Exemption: In April 2023, Virginia implemented a graduated property tax exemption for homeowners installing solar panels. This exemption takes effect the year following installation. Although adding solar panels can increase property taxes due to higher property values, the exemption significantly reduces this impact. Initially, homeowners enjoy an 80% exemption for the first five years, which then decreases to 70% for the following five years, and stabilizes at 60% thereafter as long as the solar panels are operational.

Solar Renewable Energy Credits (SREC) Program: In Virginia, rather than a one-time payment, the SREC program offers homeowners a way to continuously earn from their solar installations. For every megawatt-hour generated, homeowners earn one SREC, which they can sell in an open market. Prices range from about $35 to a maximum of $75 per SREC, depending on supply and demand. For instance, a 10-kilowatt system, such as the World4Solar 9.84kW HelioWing 7, could yield around 12 SRECs annually, potentially adding up to about $420 each year.

Net Metering: Under Virginia’s state legislation, investor-owned utilities are mandated to provide net metering. This allows customers to send unused solar energy back to the grid in exchange for credits, which can then be used to reduce energy bills during periods when solar production is low. Enrollment in net metering is required through one’s utility provider. However, this requirement does not extend to municipal utilities, which are not obligated to offer net metering.

Reduce Solar Cost in Washington

Federal and State Specific Incentives for Washington

Despite Washington’s reputation for rainy weather, it still enjoys an average of 152 sunny days each year, making it suitable for solar power generation. The state enhances the appeal of going solar with numerous financial incentives, including rebates and tax credits like the Solar Energy System Sales Tax Incentive and the Federal Solar Tax Credit. These benefits substantially lower the initial costs of solar installations. Additionally, Washington’s net metering policy allows owners of solar systems to earn credits for surplus power generated, adding further financial benefits.

The Federal Solar Investment Tax Credit (ITC): A significant financial incentive for solar energy investments in Washington, allowing you to deduct 30% of the cost of installing a solar system from your federal taxes. This credit applies to both residential and commercial installations and is available for systems installed by December 31, 2032, after which it will decrease to 26% in 2033 and 22% in 2034. It’s designed to encourage the adoption of solar energy and reduce the initial cost of solar installations.

Sales Tax Exemption: The Solar Energy System Sales Tax Incentives in Washington offer an exemption from sales tax for the purchase of equipment and services needed for solar system installation. This exemption, valid through 2029, applies to systems capable of producing up to 100 kilowatts (kW) AC, potentially saving property owners almost $3,000 at the state’s 6.1% sales tax when purchasing a system like the World4Solar 9.84kW HelioWing 7 at $49,000 MSRP. For larger systems, generating between 101 and 500 kW AC, there’s a 50% sales and use tax exemption available since 2020. This latter exemption requires customers to pay the tax upfront and then claim a refund from the state’s Department of Revenue.

Net Metering: Utility companies monitor your monthly energy production and consumption. At each month’s end, they deduct the energy you’ve produced from the energy you’ve used to lower your power bill. Any surplus energy credits are carried over to the next month’s bill, accumulating throughout the year.

Further, Washington local incentives

Chelan County’s Sustainable Natural Alternative Power (SNAP) Program: This is the name of Chelan County PUD’s award-winning renewable energy program. Started in 2001, the SNAP program is designed to help make small-scale solar and wind power more cost-effective for customers. Details can be found here.

Clark Public Utilities‘ Solar Energy Program: This is Clark County’s public utility district’s renewable energy initiative. It provides loans to residents that want to go solar. More information on this site.

Reduce Solar Cost in Washington D.C.

Federal and State Specific Incentives for Washington D.C.

Not only is Washington D.C. the capital of our beloved 50 states, it is also a greta place to make the switch to solar energy. Thanks to federal tax credits and specific incentives in Washington, D.C., the cost of installing solar panels can be significantly reduced, making them an excellent investment. Here’s a guide on how to minimize solar installation expenses in the nation’s capital.

Solar for All Program: Launched in 2016, the Solar For All Program in Washington D.C. aims to provide solar benefits to 100,000 low- and moderate-income households by 2032. Eligible participants, earning 80% or less of the area’s median income, can save up to 50% on their utility bills by subscribing to community solar shares, without needing solar panels on their own property. For detailed information, potential participants can visit the D.C. Sustainable Energy Utility (DCSEU) website, managed by the independent non-profit utility under the D.C. Department of Energy and Environment (DOEE). Detailed information here.

Solar Renewable Energy Credits (SREC) Program: In addition to generating electricity, your solar panels also produce Solar Renewable Energy Certificates (SRECs), which demonstrate the environmental value of your solar power. Your utility company may purchase these SRECs to meet local clean energy mandates and avoid fines. In Washington D.C., due to substantial alternative compliance fees, SREC values can reach about $400 each. For instance, a 10-kilowatt system, such as the World4Solar 9.84kW HelioWing 7, could yield around 12 SRECs annually, potentially earning you approximately $4,800 in the first year and up to $54,000 over 15 years, making SREC sales highly profitable in D.C.

Net Metering: Pepco, the sole electric utility in D.C., offers a generous net metering arrangement for residential customers with systems under 100 kW. Excess electricity generated is credited to future bills at the full retail rate, and these credits can be carried over indefinitely, providing strong support for residential solar adoption in the region.

Reduce Solar Cost in West Virginia

Federal and State Specific Incentives for West Virginia

At first glance, West Virginia homeowners might not see the appeal of solar due to the state’s low energy costs and minimal current solar installations. However, the long-term financial benefits of solar energy become more apparent when considering the projected growth—experts anticipate an increase of 627 megawatts in solar installations over the next five years, starting from 2023. This forecast highlights the growing interest and potential savings from adopting solar technology in West Virginia.

Net Metering: In West Virginia, the Public Service Commission requires utilities to provide at-cost credits for surplus energy generated by residential solar panels, helping homeowners lower their electricity expenses. The process to sign up for net metering varies by location, and while many solar installers assist with the enrollment, it’s advised to verify the specific steps for your area. Pricing structure for net metering has been the subject of discussions among utility companies who want to reduce it down to wholesale price (currently, you get the full retail price), so it is advisable to apply rather sooner than later.

Reduce Solar Cost in Wisconsin

Federal and State Specific Incentives for Wisconsin

Considering going solar in Wisconsin? The state offers substantial incentives that can reduce the upfront costs of solar panel installation. Over time, the savings from lower utility bills, alongside benefits from tax credits and net metering, mean you can fully recover your initial investment. Continue reading to discover more about Wisconsin’s solar incentives.

The Federal Solar Investment Tax Credit (ITC): A significant financial incentive for solar energy investments in Wisconsin, allowing you to deduct 30% of the cost of installing a solar system from your federal taxes. This credit applies to both residential and commercial installations and is available for systems installed by December 31, 2032, after which it will decrease to 26% in 2033 and 22% in 2034. It’s designed to encourage the adoption of solar energy and reduce the initial cost of solar installations.

Property Tax Exemption: Adding a solar power system can significantly increase your home’s value, and thanks to property tax exemptions in Wisconsin, this increase won’t lead to higher property taxes. This exemption can result in substantial savings across the solar system’s lifespan of around 30 years, depending on your property.

Sales Tax Exemption: When you purchase a solar energy system in Wisconsin, the equipment is exempt from sales tax under Rhode Island’s sales tax exemption for electrical generating equipment, saving you 5% on your purchase price. When purchasing e.g. a fully integrated system like the World4Solar 7.38kW HelioWing 5 system at around $43,600, this can save you $2,180 additionally.

Focus on Energy Program: Homeowners in Wisconsin who install solar panels can benefit from the Focus on Energy program’s cash rebates. Those living in denser areas may receive up to $500, while residents in less populated regions could get up to $1,000. However, availability varies as not all utility companies in the state participate in this rebate program. It’s advisable for homeowners to check with their local providers. Additional information here.

Net Metering: In Wisconsin, most solar customers can participate in net metering through their utility company. This arrangement allows homeowners to send unused electricity generated by their solar panels back to the grid in exchange for a credit on future energy bills. The eligibility and specifics may vary depending on the size of the solar installation and the policies of the local utility. For detailed guidelines and restrictions, go here.

Reduce Solar Cost in Wyoming

Federal and State Specific Incentives for Wyoming

Wyoming leads the U.S. in coal production, contributing 41% to the national total, yet solar energy remains a viable option for its residents. To encourage the transition to solar, Wyoming offers a range of incentives including federal tax credits, local benefits, and specific utility company programs designed to make solar more affordable.

The Federal Solar Investment Tax Credit (ITC): A significant financial incentive for solar energy investments in Wyoming, allowing you to deduct 30% of the cost of installing a solar system from your federal taxes. This credit applies to both residential and commercial installations and is available for systems installed by December 31, 2032, after which it will decrease to 26% in 2033 and 22% in 2034. It’s designed to encourage the adoption of solar energy and reduce the initial cost of solar installations.

Net Metering: Net metering, also known as net energy metering, is an effective way to offset the costs of your solar panel investment. By linking your system to the electrical grid, you can send unused electricity back to your utility, earning credits that reduce your energy bills. This system uses a special meter that tracks electricity flow in both directions: into your home from the grid and from your solar panels back to the grid. When your panels produce more electricity than you use, the surplus is sent to the grid, benefiting others. Conversely, if your panels produce less than you need, you draw from the grid. While you won’t receive cash for the excess energy, the credits you accumulate can significantly lower your future electricity payments.

Financing Solar Installations

Solar Loans

Many institutions now offer solar-specific loans, which are an excellent way to finance your installation with minimal upfront costs.

Solar Leases and Power Purchase Agreements (PPAs)

If you prefer not to buy your system outright, leases and PPAs can provide you with the benefits of solar energy without the ownership responsibilities.

Energy Efficiency and Solar Optimization

Before going solar, consider making your home more energy-efficient. This can reduce the size and cost of the solar system needed to power your home.

Timing Your Installation

Installation costs can vary throughout the year. Planning your installation during off-peak seasons can lead to additional savings.

Long-term Benefits of Going Solar

Beyond the immediate financial savings on installation, solar energy can provide long-term benefits, including lower energy bills, increased property value, and a reduced environmental footprint.

Conclusion

Going solar is an exciting journey towards energy independence and sustainability. While some states may offer more consumer-oriented incentive options than others, the general direction is clear and the Federal ITC paves the way for a United States powered by clean energy. By understanding the nuances of solar installation, especially the incentives available in your state, you can maximize your savings and make a positive impact on the planet.

Disclaimer: The information provided in this article may be subject to constant changes of the solar incentive programs, so always double-check or get an individual consultation for your specific needs. However, we try to keep the contents of this article up to date on a regular base.

Last updated: June 4th, 2024