Nowadays, switching to solar is more affordable than ever. Solar energy is considered the most cost-efficient source of energy, which is essential in order to reach the US Net-Zero carbon goals by 2050. To support this goal, the federal government offers varied incentive programs for going solar, including a federal tax credit (ITC) of 26% that can help you recoup an average of $9,000 on your solar panel costs and installation. For official information about federal solar tax incentives, see the Homeowner’s Guide to the Federal Tax Credit for Solar Photovoltaics.
In addition, many states have different forms of financial support, including subsidies, rebates, renewable energy certificates, and tax credits, that make it easier and much more attractive to switch your home to green energy sources.
All state solar tax credits can be claimed in addition to the federal tax credit. Some states even allow homeowners to sell surplus energy to the local grid.
Find out what benefits you can cash in on in your zip code when you install solar panels in your home. By combining different state and federal incentives, you can save significant amounts of money on your home solar energy system. Contact American Solar to get your own personalized quote!
Disclaimer: This page does not constitute professional legal advice, tax advice or other professional financial guidance. Always consult independent advisors before making any purchasing, investment, or tax decisions, and before entering into binding agreements.