Power companies across the country are fighting an uphill that they might not win. They are blaming homeowners for taking advantage of massive government savings programs. These incentives allow homeowners to use clean energy to reduce the cost to their solar energy projects at almost no cost. The government has highly incentivized homeowners to go solar with thousands of dollars in rebates and incentives. The federal government allows customers to deduct 30% of your solar project off your federal taxes through an investment tax credit (ITC). In California, these rebates are done through the California Solar Initiative.
In the south bay area of Los Angeles, the payback can be as low as 6 years with a 20 year savings of $35,000. On the other side of the country along the Jersey shore, the payback can be even lower at 3.7 years and a 20 year savings of $80,000.
So what are the incentives for your area?
Find out what incentives are being offered in your area by visiting DSIRE: Database of State Incentives for Renewables & Efficiency® or by clicking on State Incentives on the top of our page.