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No matter where you live in the United States, solar energy is a viable option for heating, cooling, and powering your home. When designed properly, solar energy systems can be an environmentally sound way to save families money on their energy costs. Because electricity rates are constantly on the rise, people are becoming less dependant on electricity, and more open to solar power systems. Because of the demand of solar energy, there are many financial benefits to installing solar systems, including rebates.
Federally speaking, if you are a homeowner you are eligible for a 30% tax credit on many solar technologies. These tax credits are available for full solar energy systems, geothermal systems, wind energy systems, and fuel cells. This federal tax credit is good on all the above systems installed by December 31, 2016. To obtain the proper forms for filing your taxes in order to receive rebates visit the IRS website.
Many state and local governments are offering homeowners financial incentives for installing solar power systems. Consult your verified solar installation professional for more information on the monetary benefits in your specific area.
Of the 52 states, 29 have personal tax incentives for utilizing solar power, and in many cases there are property tax exemptions for using solar power. Utility companies may even offer rebates and loans for renewable energy system installation.
Colorado, California, and Arizona have some of the most progressive financial benefits in order to promote solar power. While these states often are considered the most, “sunny,” many states along the East Coast (New Jersey, New York, Maryland, Massachusetts) are also offering incentives where families pay the most in heating costs.
For more information regarding solar rebates in your area visit the rebate map.