Whether you are a homeowner or a business wanting to use the solar power systems to harness the sun light to your benefit, you not only benefit yourself but also to the society and the world at large. When you install the solar panels on your residential or commercial property, it helps you save money on your electricity bills and at the same time also helps you reduce the carbon emissions, and greenhouse gases which are responsible for global warming. This also reduces your dependence on the disorganized power grid.
However installing a solar power system is not as simple as it seems, with the expenses adding up to $40-$50k. Thus, energy rebates are offered by local, state and federal governments and utility companies to encourage homeowners and businesses to opt for this alternative energy system for their electricity needs. You can avail the energy rebates offered in your area to get up to 50% discount and sometimes even more to save on your solar power investment.
Federal Solar Incentives:
After the enactment of solar energy tax credits in the 2005, there has been unparalleled expansion on the solar power front in the United States. By 2007, nearly twice as much solar energy systems were installed as compared to the preceding year. This showed the rate at which homeowners and businesses used the energy rebates to get discounts on installing solar energy systems.
The Economic Stabilization Act introduced in late 2008 further extended the tax credit available for solar installation in residential and commercial properties by 30 percent. Other solar Investment Tax Credit (ITC) provisions almost took away the $2,000 capital for residential solar energy installation with the full 30% energy rebates on property that was put into service after Dec 2008.
State Solar Incentives and Other Programs:
With the rising concern of global warming, all state governments in the country are striving to offer energy rebates and incentive to encourage people to choose the renewable form of solar energy. The programs may differ from state to state, and the percent of rebates may also vary so make sure you check with your local solar panel installers to find out how much you can save in your area.
One of the best solar energy rebates programs is perhaps the APS Renewable Incentive Program in Arizona offering up-front incentives up to $75,000, which is nearly 50% of photovoltaic (PV) project costs. Other energy rebates offered by different states include a definite amount per kilowatt-hour while others depend on the tax code to encourage homeowners and businesses to go green.
Utility Energy Rebates:
Utility companies are always trying new methods to encourage consumers to buy energy efficient appliances. There are several energy rebates, billing credits and discounts available to bring down the solar system installation costs and save on electricity bills. You must consult an expert solar panel installer to get the latest update and information regarding incentives and energy rebates.
As the world quickly realizes the benefits of installing solar energy systems, some areas offer energy rebates as much as 50-60%, or even 70% to bring down the cost of installation.
However installing a solar power system is not as simple as it seems, with the expenses adding up to $40-$50k. Thus, energy rebates are offered by local, state and federal governments and utility companies to encourage homeowners and businesses to opt for this alternative energy system for their electricity needs. You can avail the energy rebates offered in your area to get up to 50% discount and sometimes even more to save on your solar power investment.
Federal Solar Incentives:
After the enactment of solar energy tax credits in the 2005, there has been unparalleled expansion on the solar power front in the United States. By 2007, nearly twice as much solar energy systems were installed as compared to the preceding year. This showed the rate at which homeowners and businesses used the energy rebates to get discounts on installing solar energy systems.
The Economic Stabilization Act introduced in late 2008 further extended the tax credit available for solar installation in residential and commercial properties by 30 percent. Other solar Investment Tax Credit (ITC) provisions almost took away the $2,000 capital for residential solar energy installation with the full 30% energy rebates on property that was put into service after Dec 2008.
State Solar Incentives and Other Programs:
With the rising concern of global warming, all state governments in the country are striving to offer energy rebates and incentive to encourage people to choose the renewable form of solar energy. The programs may differ from state to state, and the percent of rebates may also vary so make sure you check with your local solar panel installers to find out how much you can save in your area.
One of the best solar energy rebates programs is perhaps the APS Renewable Incentive Program in Arizona offering up-front incentives up to $75,000, which is nearly 50% of photovoltaic (PV) project costs. Other energy rebates offered by different states include a definite amount per kilowatt-hour while others depend on the tax code to encourage homeowners and businesses to go green.
Utility Energy Rebates:
Utility companies are always trying new methods to encourage consumers to buy energy efficient appliances. There are several energy rebates, billing credits and discounts available to bring down the solar system installation costs and save on electricity bills. You must consult an expert solar panel installer to get the latest update and information regarding incentives and energy rebates.
As the world quickly realizes the benefits of installing solar energy systems, some areas offer energy rebates as much as 50-60%, or even 70% to bring down the cost of installation.