Solar Incentives with Sunrise Solar
There are several solar incentives that can help you offset the cost of a solar panel installation. For example, on their federal tax return, business owners have the option to claim either a 30% investment tax credit that reduces their tax liability for the year their system was installed, or they can claim a production tax credit (PTC) that grants 2.75 cents per kWh of electricity generated by their system during its first ten years of operation. Some states and cities also offer additional tax credits or rebates.
Sunrise Solar can help you understand how these and other incentives could affect your budget so you can decide which is best for you.
Real-World Impact
Unsurprisingly, the availability of solar incentives has had a major impact on more people, farms, and businesses being able to install solar systems on their properties. Essentially, these incentive programs allow you to knock off a major percentage of your total installation costs, making solar much less costly than the initial quote might suggest. Pair that with the ongoing energy savings that come from using solar power instead of the grid, and solar can be a great long-term solution for reducing your operating expenses.
Accessing the right incentives can make adopting solar power something you can actually afford to do! When you work with Sunrise Solar, we’ll help you find the incentives you qualify for so you can make your new installation more affordable.
Contact us today to get started.