Solar power rebate

As renewable energy has become more affordable and available, the federal government has created a more attractive incentive program to promote homeowners and corporations from investing in solar energy. By offering these incentives, like a solar power rebate, they encourage individuals to install solar panels and earn as much as a 30% tax credit, good through 2016. Previously, this rebate was capped at $2,000, however the 30% tax credit is presently uncapped. This is an attractive option for commercial developers and business owners looking to expand their facilities. Utilizing the solar power rebate today, will allow a business owner an opportunity to install a solar panel system that leads to savings down the road, increasing their return on investment. Homeowners, as well, will benefit from such incentives and rebates, as their biggest concerns are typically the upfront cost. These incentives and rebates are designed to encourage these homeowners, business owners, and corporations to making these type of upfront investments that make both financial and environmental sense. Reducing energy dependence while also reducing the output necessary from the existing power grid are benefit enough for the federal, state, and local governments to offer incentives.

Federal Tax Credit

To take advantage of this rebate program, a homeowner must have a solar pv system installed on thier home. These panels should allow customers to enjoy a reduction in their electric cost, while also reducing their reliance on the power grid. Not only does the homeowner benefit because of the installation, but it truely is a win-win scenario with the federal and local governments. Every watt of electricity generates by solar panels is a watt that the local power company does not have to push out. Because of this, many state and local governments have also decided to deploy their own version of the solar power rebate for homeowners that have decided to install solar pv systems.

There are many websites and publications dedicated to staying on top of the latest rebate and incentive information as it pertains to solar power, renewable energy, and other alternative clean energy sources.  In addition to this, more financing options are now being created to help make the initial cost of installing solar panel systems more manageable.  These options create a more reasonable cash flow, especially for homeowners more so than business owners and corporations, since most of the cost savings will happen much later after initial installation.

Installing Panels

One of the major factors when deciding to install solar panels and take a solar power rebate, is the initial cost to install this new solar pv scheme.  When doing a solar panel comparison, you obviously have to consider cost, but quality has to be a major concern as well.  One such high quality produce of these systems is Sharp solar panels.  Reviewing their website will show that solar panels come in many different types and sizes, and serve different purposes.  For that reason, it is best to contact a professional to determine what would be the best system to provide solar power to your home.

3 Comments