Solar Panel Rebates
Welcome to Solar Panel Rebate Information Headquarters!
We have everything you need to make your life easier as you research solar rebates. State specific information, simple guides to local rebates, and general information about solar panels are all things you can find here.
Finding simple, easy to digest information about solar panel rebates can be impossible. If you’ve spent any time wading through the national database of rebates and incentives you understand what we’re talking about!
As former solar professionals, we understand how frustrating it can be to find good information about solar power online. But we want you to be informed about the solar panel rebates and incentives available to you.
Solar Panels = Affordable with Rebates
Solar panels convert light into electricity that can power your home. Most homeowners buy solar panels through a certified installer who puts the entire system together. The advantage of this is the solar installer will also provide the homeowner with information about solar rebates, incentives, and tax credits.
There are many companies offering different ways to purchase solar panels. You can buy solar panels with cash, make payments on a $0-down or low down payment on the system, or lease the entire array (for immediate savings).
Solar panels used to be quite expensive, but fortunately rebates and incentives have made them affordable in many parts of the United States.
Types of Solar Panel Rebates, Credits, and Incentives
- Solar Rebate – A rebate is money you get back after the purchase of a solar. Generally, rebates are available on the State, City, and Utility levels, and they account for the majority of cash incentives for purchasing solar panels.
- Solar Tax Credit – Tax credits offset future tax liability, as in the example of the Federal Solar Tax Credit, which allows you to write off 30% of the cost of the solar installation. Only problem is, you have to pay out the money and you won’t be writing anything off before next tax season–so you have to wait to get the money back.
- Solar Renewable Energy Credits (SRECS) – SRECs are credits you can accrue in certain states. These credits have a cash value on an open market, and in some areas can be extremely lucrative.
U.S. Federal Government Solar Rebate
The US Federal Government offers a solar rebate, which is actually (as mentioned above) a tax credit. It’s easy to confuse rebates with tax credits, but it’s important to understand that a tax credit only offsets tax liability, while a rebate is money you get paid after the purchase.
The nice part about this is that everyone gets this rebate, and it lops of a huge portion of the cost of a solar array.
Find Local Solar Rebates
Often the best way to find information on local solar rebates is to get a custom solar quote from a solar installer. Solar installers must be experts in local incentives (they use them heavily in their marketing), and all available rebates, credits, and incentives will be listed in the solar proposal.