As mentioned in the Why Go Solar? Article, the Local, State, and Federal rebates and incentives are major reasons why the solar industry is growing more rapidly than ever before. According to the Solar Energy Industries Association (SEIA), who has been involved with solar incentives for over 40 years, the solar electric capacity currently operating in the United States is large enough to power more than 3.2 million American homes. With all of the incentives available, your home or business can run on solar power too!
While Local and State rebates differ based on your location, Federal incentives can also drastically lower the cost of your solar energy system. More specifically, through a solar Investment Tax Credit (ITC) provided by the federal government, you can receive a 30% tax credit for installing solar systems on your residential or commercial properties.
The purpose of these rebates and incentives is to motivate individuals and businesses to invest in solar energy now instead of later. As the solar industry continues to grow, the need for financial motivation will decrease and discounts will be less obtainable. For example, the Federal ITC that we just mentioned is only in effect until the end of 2016. This means that the only way to be sure that you minimized your costs and used all of the temporary and long-term incentives available is to invest in solar energy sooner. As an early-adopter you will save more and see the return on your investment earlier.
If you want to learn more about the specific solar incentives available in your area, check out the Database of State Incentives for Renewables & Efficiency (http://www.dsireusa.org/) or the Energy Department (http://energy.gov/savings). After you learn about the incredible savings available now, fill out a contact form or call 1-800-SOLAR-USA to move forward with your solar project!