Common Mistakes to Avoid When Filing for Solar Incentives

There are a few key financial considerations involved in solar panel ownership, and capitalizing on available tax incentives and related benefits is always on this list. During this process, there are a few common mistakes that should be avoided to ensure you maximize your incentives, rebates and other financial opportunities related to solar.

At Intermountain Wind & Solar, we're here to serve as one of the top solar companies across Salt Lake City, Utah and Boise, Idaho areas. Our solar energy services allow numerous clients to get lower power rates and obtain several other benefits, and we're also here to help with solar panel installation tax credits, rebates and related incentives. Here are some of the most common mistakes we see from solar clients when it comes to filing for financial incentives regarding solar power, plus how to steer clear of them and maximize your returns in this area.

Not Being Aware of Certain Incentives

Easily the most common mistake we see from clients in these areas: They simply aren't aware of certain incentives or tax credits that are available to them. This could be due to a lack of research on their part, or it could be because they've only spoken to one solar company and that company didn't mention all the possible benefits.

When looking into solar power, it's important to do your own research and talk to multiple companies to get a comprehensive understanding of all the incentives that may be available to you. Don't rely solely on the information provided by one company, as they may not have all the details or may only mention the incentives that benefit them the most.

Our team at Intermountain Wind & Solar is well-versed in all local, state and federal incentives for solar power installation, and we make sure our clients know about every single one that might apply to their situation. We'll help you take full advantage of any potential financial returns related to your new solar panels.

Filing Incorrectly

Another common issue here: Clients filing for solar incentives without fully understanding the rules and requirements. As a result, they may end up ineligible for certain benefits or receive lower returns than they could have otherwise. There are a few specific filing mistakes that can crop up here, including:

• Late filings: Probably the most common issue we see is clients filing their applications for incentives after the deadline has passed. Unfortunately, most programs are strict about these dates and will not accept late submissions.
• Inaccurate information: Whether it's missing paperwork or incorrect data, any mistakes on your application can cause delays or outright rejection of your claim. Be sure to carefully review all requirements and double-check all information before submitting.
• Not following program guidelines: Each incentive program will have its own specific rules and regulations that must be followed in order to qualify for benefits. Make sure you understand these thoroughly before beginning the application process.

Improper Understanding of Criteria

For many solar incentives, there are specific criteria that must be met in order to qualify. This can include factors such as income level, location, or type of solar system being installed. It's important to fully understand these criteria before applying for an incentive.

If you're unsure about any requirements or qualifications, be sure to reach out to the program administrator for clarification. They will be able to provide you with accurate and up-to-date information on what is needed for your application to be successful.

Failure to Submit Required Documentation

In addition to meeting specific criteria, most solar incentive programs also require certain documentation to be submitted along with the application. This can include things like proof of income, property ownership documents, and detailed plans for the solar installation.

Failure to submit all required documentation can result in delays or even disqualification from the program. It's important to carefully review the application guidelines and make sure you have all necessary documents before submitting your application.

If you realize after submitting your application that you have missed a required document, contact the program administrator immediately. They may be able to work with you to submit the missing documentation and still qualify for the incentive.

Changes in Program Requirements

It's important to note that solar incentive programs are subject to change at any time. This could include changes in eligibility criteria, funding availability, or documentation requirements.

Be sure to stay informed about any updates or changes to the program by regularly checking the program website or contacting the program administrator. It's also a good idea to join any mailing lists or newsletters related to the program for updates and important announcements.

Solar incentives can greatly reduce the cost of installing a solar energy system on your property. It's important to thoroughly research and understand the available programs, their eligibility criteria, and required documentation before beginning the installation process.

At Intermountain Wind & Solar, we are committed to helping our customers navigate the process of installing solar energy systems and accessing available incentives. Our knowledgeable team can provide guidance on program requirements and assist with necessary documentation. Contact us today for any of our solar energy services around SLC, Utah and Boise, Idaho areas!