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.

Where can I get a solar energy rebate?

Utility rebates are offered by electric utility companies to encourage homeowners to install solar panels or other solar energy technologies on their properties. Homeowners can receive these rebates directly from their utility provider.

What is a solar rebate & tax credit?

Rebates: A one-time incentive for solar installations offered by utilities and/or government agencies. Tax Credit: A direct dollar-for-dollar deduction off of your income taxes that you would normally pay to the federal government. Tax Deduction: Deduction of taxable income that can increase your refund or reduce how much tax you owe.

Does Philadelphia have a solar rebate program?

The city of Philadelphia created a solar rebate program in 2019 that offered rebates of $0.20 per watt for residential projects. However, this program was suspended due to budget cuts related to COVID-19 PBIs are incentives based on the energy production of a solar system.

What incentives are available for solar energy installation?

Homeowners can combine tax breaks with cash-back rebates offered by governments, manufacturers, and installers to lower the cost of purchasing and installing a new solar system. Additionally, there are performance-based incentives, where money is paid in exchange for solar energy production.

How can I save money on solar installation?

You can bundle your federal and any state and local solar incentives to save even more money on your installation costs. In addition to federal and state offerings, some local utility companies provide cost-saving programs to customers like cash rebates and credits on monthly bills.