The solar rebates and incentives available in the United States today are game-changers for those who seek the energy independence and cost savings that photovoltaic power offers.
Installing photovoltaic panels has never been more affordable, but budgeting for the initial investment is still a challenge for many homeowners. Fortunately, financial incentives, including tax credits and grants, can cut system installation costs by thousands of dollars.
By taking advantage of every available solar rebate and incentive, you may be able to save upwards of 50 percent on your photovoltaic system costs.
One of the largest incentives for installing a photovoltaic system — the federal solar tax credit — is available to every U.S. homeowner.
This credit allows residents of every state to claim up to a 30 percent credit on their future income tax liability. So if your installation cost $25,000, you can recoup $7,500 of your initial system costs, thanks to this credit.
Keep in mind, however, that you’ll only be able to claim the full 30 percent credit if your photovoltaic system is up and running by the end of 2019. After that, the solar rebate amount steps down every year. Photovoltaic systems completed in 2020 are eligible for a 26 percent credit, while those installed in 2021 can claim only 22 percent.
After 2021, the residential tax credit will be eliminated.
State and local solar rebates, grants and tax credits can reduce upfront costs for installing a photovoltaic system even further.
Intermountain Wind & Solar can help you identify these additional financial incentives, or you can check the Database of State Incentives for Renewables & Efficiency (DSIRE) to research state solar rebates.
DSIRE is a free service of the U.S. Department of Energy. Their website contains the most up-to-date and comprehensive listings of available renewable energy incentives. Click your state on the map, and you can review the list of every savings option offered in your area today.
But the DSIRE website doesn’t just list the available solar incentives; it also provides eligibility details and application instructions for each tax credit, grant and rebate. This helpful feature makes it easy for you to claim these financial payouts.
It’s important to ensure that you complete the solar rebate or incentive application paperwork correctly. Otherwise, your request may be denied.
For this reason, Intermountain Wind & Solar created a system that makes applying for these incentives easy. We provide our customers with a customized binder containing all of your photovoltaic system details along with the paperwork and documentation you’ll need to apply for federal, state and local solar rebates and incentives.
And if you get stuck, our experts are available to answer your questions and offer assistance.
At Intermountain Wind & Solar, it’s important to us that you take full advantage of every available financial incentive to help you save as much money as possible on your photovoltaic system installation. We serve both residential and commercial customers throughout the Intermountain West region of the United States.
Contact us today to learn how you can afford to adopt photovoltaic power at your home or business by leveraging grants, tax credits, incentives and solar rebates.
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