Solar Power Incentives
Solar power incentives are programs that the local or state government has created to motivate you financially to start a solar project. These solar power incentives take various forms; below for few example of Federal examples:
- Tax exemption for energy conservation
- Tax credits for residential energy efficiency
- Tax credits for residential renewable energy
- Federal low-interest loans and mortgages for clean energy, energy efficiency mortgages, and certain energy conservation bonds
- Accelerated depreciation
- Tax credits for solar equipment
- Grants for rural energy efficiency programs
- Grants for tribal energy programs
- Loan guarantees for reduction of air pollutants and rural energy efficiency improvements
This is by no means an exhaustive list of the types of incentives available. As both the federal and state governments realize the benefits of solar power for homes, they are making greater and greater strides towards offering the types of solar incentives that help people make the investment in solar power rebates.
As stated on the previous page your best resource for finding the most updated information on solar incentives will be at the Database of State Incentives for Renewables and Efficiency (DSIRE).
The wonderful people at the North Carolina State University Solar Center have been kind enough to build a large database of the most up-to-date information on all the incentives available to you.
Below is an example of a solar incentive taken from DSIRE’s website.