Finance and Law

What Are Solar Rebates? Everything You Need to Know

<p style&equals;"text-align&colon; justify&semi;">Here&&num;8217&semi;s some exciting news&colon; solar energy now costs about <a href&equals;"https&colon;&sol;&sol;environmentamerica&period;org&sol;blogs&sol;environment-america-blog&sol;ame&sol;it&percnt;E2&percnt;80&percnt;99s-2021-and-clean-energy-cheaper-ever" target&equals;"&lowbar;blank" rel&equals;"noopener">90&percnt; less<&sol;a> than it did back in 2009&period; Its price has dipped so low it&&num;8217&semi;s now cheaper than fossil fuel-based electricity&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">That shrinkage isn&&num;8217&semi;t due to low-quality materials&comma; either&period; On the contrary&comma; today&&num;8217&semi;s solar panels are better&comma; more powerful&comma; and longer-lasting&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">What&&num;8217&semi;s even better is that <a href&equals;"https&colon;&sol;&sol;newsforpublic&period;com&sol;find-rebates-incentive-programs-solar-energy-systems&sol;">solar rebates<&sol;a> can further reduce the cost of going solar&period; We&&num;8217&semi;ll cover the essential facts you need to know about these programs below&comma; so be sure to read on&period;<&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;">What Exactly Are Solar Rebates&quest;<&sol;h2>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Solar rebates are cash-back programs given to people who install solar power technologies&period; They&&num;8217&semi;re a type of retrospective payment that trims the cost of solar PV systems or devices at a later date&period; This sets them apart from a discount&comma; a price reduction you can get before you pay for solar panels&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">With a solar rebate&comma; you first need to cover the total costs related to your solar panel installation&period; You would then get the cash rebate&comma; usually after the completion of the system&period; So&comma; you can think of these solar incentives like partial refunds&period;<&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;">Who Provides Solar Rebates&quest;<&sol;h2>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Solar rebates can come from state and local government agencies and utility companies&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">An example is the State of Maryland&&num;8217&semi;s <a href&equals;"https&colon;&sol;&sol;energy&period;maryland&period;gov&sol;residential&sol;pages&sol;incentives&sol;cleanenergygrants&period;aspx" target&equals;"&lowbar;blank" rel&equals;"noopener">Residential Clean Energy Rebate Program<&sol;a>&period; With this&comma; residents of the Free State can qualify for a &dollar;1&comma;000 rebate after installing a new solar PV panel system&period; There&&num;8217&semi;s also a &dollar;1&comma;000 rebate for installed solar shingles and a &dollar;500 rebate for a solar water heating system&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Another example is the <a href&equals;"https&colon;&sol;&sol;sfenvironment&period;org&sol;solution&sol;how-do-i-access-city-state-or-federal-incentives-for-solar" target&equals;"&lowbar;blank" rel&equals;"noopener">GoSolarSF Program<&sol;a> in San Francisco&comma; California&period; Administered by the SF Public Utilities Commission&comma; it offers up to &dollar;2&comma;000 in rebates to residents&period; Businesses can get up to &dollar;10&comma;000&comma; while non-profit organizations up to &dollar;120&comma;000 in solar rebates&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Some local utility companies also run rebates to encourage customers to go solar&period; An example is the &dollar;2&comma;500 solar rebate offered by Austin Energy in Austin&comma; TX&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Also&comma; don&&num;8217&semi;t forget that other forms of money-saving programs exist for those who wish to go solar&period; The biggest at the moment is the federal investment tax credit of 26&percnt;&period; Moreover&comma; the folks at <a href&equals;"https&colon;&sol;&sol;blueravensolar&period;com&sol;kentucky&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener">Blue Raven Solar<&sol;a> say that states like Kentucky have their own tax credits&comma; too&period;<&sol;p>&NewLine;<h2>What Are the Requirements to Qualify for Solar Rebates&quest;<&sol;h2>&NewLine;<p style&equals;"text-align&colon; justify&semi;">The exact requirements vary&comma; but most usually require an up-and-running solar PV system&period; In most cases&comma; you need to submit an application form and proof of completed installation&comma; too&period; Some&comma; like Maryland&&num;8217&semi;s rebate program&comma; also require photographs of the finished project&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">You should also prepare copies of your paid invoices and receipts&period; You most likely need to submit these to prove that you meet the qualifying amount for the rebate&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;"><strong>Going Green and Clean Doesn&&num;8217&semi;t Have to Cost a Fortune<&sol;strong><&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">As you can see&comma; solar rebates can increase the savings you get when you switch to solar electricity&period; Best of all&comma; some of these rebates may not affect the amount you can get with federal or state tax incentives&period; As such&comma; be sure to explore all your solar saving options so that you can go green and clean for less&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Interested in even more eco-friendly ways to improve your home and finances&quest; Head over to our other categories for more informative guides like this&excl;<&sol;p>&NewLine;

Hardik Patel

Hardik Patel is a Digital Marketing Consultant and professional Blogger. He has 16+ years experience in SEO, SMO, SEM, Online reputation management, Affiliated Marketing and Content Marketing.

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