What are solar rebates & incentives?

Rebates and incentives are a crucial way to encourage broader adoption of solar energy and full home electrification across the country. These incentives will typically come from your utility, state government, or the federal government in the form of tax credits, property tax abatements, one-time rebates, or performance-based rebates.

What are solar tax credits & rebates?

Beyond federal incentives, state and local solar tax credits and rebates are valuable tools to further reduce your costs. These incentives vary widely based on location, and in some cases, they are offered at the utility, county or city level.

Do solar rebates work?

Several states offer rebate programs that cover some or all of the cost of purchasing a home solar system and/or battery storage. These rebates can work in addition with the federal tax credit to increase the savings of going solar. For example: Maryland offers a $1,000 rebate for solar photovoltaic and solar shingle installations above 1 kW.

How do I get a solar rebate?

They are typically received as a direct payment and not tied to your tax filings. Manufacturers, local governments or utility companies can offer solar rebates. Low-interest loans: Some states and utilities offer low-interest loan options specifically to make residential solar installations more affordable.

Is a solar rebate a tax refund?

It is not a rebate or a refund, but it reduces what you owe on income taxes. Depending on where you live, you may be eligible for additional solar incentives, such as tax breaks and rebates. Overall, New York and Oregon have the most state-funded solar incentive programs.

How can state-level incentives help you save money on solar panels?

State-level incentives can provide additional savings, making solar panel installation more attainable. For example, while the federal ITC may reduce your upfront costs by 30%, combining it with a state rebate of $5,000 could reduce the actual cost of your system by 50% or more.