Understanding Solar Incentives

Here you can find Solar Panels and technological accessories related to Solar Energy: Click Here If you want to learn about Solar...

Here you can find Solar Panels and technological accessories related to Solar Energy: Click Here

If you want to learn about Solar Panels, to advise you before buying or to build your own Solar Panel: Click Here

understanding solar incentives there are three major types of solar incentives you should be aware of when buying your solar panel system tax credits rebates and performance-based incentives or PBIS let's take a look at how each helps you go solar number one tax credits there are both federal and state tax credits available for people installing solar panels this type of incentive gives you money back when tax season arrives for example the federal investment tax credit or ITC provides a percentage discount back that comes off your annual taxes keep in mind that most solar tax credits are calculated as a percentage of your total cost so amounts will vary from system to system number two rebates rebates are typically paid as a lump sum to help decrease the initial cost of your system some rebates are a fixed dollar amount and others are based on the size of your system for example if your utility offers a rebate of 50 cents per watt or $500 per kilowatt that installing a 10 kilowatt solar panel system means you'd receive an upfront rebate of $5,000 if you're shopping on energy sage you can also access exclusive cash rebates directly for manufacturers number 3 performance-based incentives or PBIS PBIS are based on the electricity output of your system the more electricity you generate the more you learn many PBIS are paid out as a fixed rate per kilowatt hour of electricity for example if your solar panels generate 600 kilowatt hours of electricity per month and your utility offers a ppi of 10 cents per kilowatt hour then you'd earn an extra 60 dollars each month common PBIS include feed-in tariffs and solar renewable energy credits for s recs Solar incentives vary by city state and utility on energy st. we track all this information for you giving you the ability to compare multiple quotes with all the applicable incentives already factored in energy stage smarter energy decisions ...