Federal, state and local governments offer incredible financial incentives to encourage homeowners to switch to renewable energy. These incentives dramatically lower the cost of a solar system and often make solar power even less expensive than utility company electricity
State Rebate Programs
Many states and utility companies have created programs to encourage homeowners to switch to solar power. The amount of the rebate subsidy varies by program, but some are generous enough to cover up to 30% of your system cost. However, these programs are designed to reward early adopters of solar power, so the rebate amount per home continues to drop as the allotted funds are consumed. Call SolarCity to secure your rebate at the current level before it drops again.
Local Rebates and Tax Credits
Some locations have additional incentives to make solar even more affordable. For instance, San Francisco offers a city rebate and the state of Oregon offers up to $6,000 in tax credits over 4 years.
Federal Tax Credits
The federal government allows you to deduct 30% of your system costs off your federal taxes through an investment tax credit (ITC). If you do not expect to owe taxes this year, you can roll over your credit to the following year.
SolarCity Will Get the Most for Your System
Navigating through government programs on your own can be intimidating. SolarCity will identify all of the qualifying programs for your system and file the required paperwork for you. We will even credit you for the state rebate upfront so that you do not have to wait for the government to send you a check later. To find out exactly how much you can save through solar incentive programs, call us to set up a free solar consultation.
Additional Information on Solar Incentive Programs