It's a fact that all life depends on and comes from the sun. The production of oxygen and food would be impossible without solar energy. Farmers know the value of a large field with a plentiful supply of sunlight, and now individuals all around the world are taking this boundless source of diffuse energy more seriously as the finite supply of fossil fuels dwindle.
Today less than 0.1% of our heating, transportation and power energy comes from direct sunlight although it is now possible to meet all our energy needs with this simple, renewable resource.
Federal, state and local governments offer incredible financial incentives to encourage homeowners to switch to renewable energy. These incentives dramatically lower the cost of a solar system and often make solar power even less expensive than utility company electricity
State Rebate Programs
Many states and utility companies have created programs to encourage homeowners to switch to solar power. The amount of the rebate subsidy varies by program, but some are generous enough to cover up to 30% of your system cost. However, these programs are designed to reward early adopters of solar power, so the rebate amount per home continues to drop as the allotted funds are consumed. Call Actual Solar to secure your rebate at the current level before it drops again.
Government Rebates & Credits Local Rebates and Tax Credits
Some locations have additional incentives to make solar even more affordable. For instance, San Francisco offers a city rebate and the state of Oregon offers up to $6,000 in tax credits over 4 years.
Federal Tax Credits
The federal government allows you to deduct 30% of your system costs off your federal taxes through an investment tax credit (ITC). If you do not expect to owe taxes this year, you can roll over your credit to the following year.
Actual Solar Will Get the Most for Your System
Navigating through government programs on your own can be intimidating. Actual Solar will identify all of the qualifying programs for your system and file the required paperwork for you. We will even credit you for the state rebate upfront so that you do not have to wait for the government to send you a check later. To find out exactly how much you can save through solar incentive programs, call us to set up a free solar consultation.
Additional Information on Solar Incentive Programs
- Incentive programs vary considerably from state to state. Find out more about programs in your area by visiting the Database of State Incentives for Renewable Energy (DSIRE)
- In California, rebates are administered through the California Solar Initiative (CSI). The amount of the rebate depends on the size of your solar system and how much electricity it is estimated to produce. To check the current rebate levels in your area, check the CSI Trigger Tracker website..
- To find out exactly how much your business can save through solar incentive programs, call us to set up a free solar consultation.
