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Arkansas, USA
+1 (501) 400-0786
We have a dedicated team responsible for researching and monitoring government solar programs and incentives at the local, state, and federal levels. This team regularly tracks policy changes, program updates, and new incentives to ensure that our staff is aware of any modifications or new opportunities as soon as they arise.
The Federal Investment Tax Credit (ITC) for solar energy systems was a significant driver in encouraging residential and commercial solar installations. The ITC allowed taxpayers to deduct a certain percentage of the cost of a solar photovoltaic (PV) system from their federal taxes. As of right now, the ITC provided a 30% credit on the total cost of the solar system, including installation.
In addition to federal incentives, many states also offered their own solar tax credits, which varied in value and availability. These credits supplemented the federal ITC and further reduced the overall cost of going solar for residents within specific states. The eligibility criteria and credit amounts depended on the state’s energy policies and budget allocations.
Cash rebates were offered by some states, municipalities, or utility companies as an alternative to or in addition to tax credits. Unlike tax credits, which reduced the amount of taxes owed, cash rebates provided direct monetary incentives to homeowners or businesses who installed solar systems.
Apart from federal and state incentives, there were various other rebate programs at the local level. These included city or county incentives, utility-specific rebates, and programs initiated by regional organizations. The availability and amount of these rebates could vary significantly based on location and specific programs.
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Get a free estimate and save your money!
Get a free estimate and save your money!