Thinking About Going Solar? There May Be a Local Government Incentive To Ease the Financial Burden

Going on the solar route seems like the perfect idea at first thought. Lower power bills? Better for the environment? All while still getting power to your home? I mean, what’s so bad about switching to solar?

Well, apart from the stress and general hassle of switching to solar, one of the biggest reasons people hesitate to do so is because of the cost. Yep, you guessed it- solar isn’t cheap, that is, if you plan on buying the solar panels. On top of that, you have to pay for installation and cleaning of your panels every now and then.

But before you hit the brakes and back out of switching to solar, know that there is likely some sort of government incentive available in your area to help alleviate the costs.

Rebates

One of the most common government incentives for switching to solar offered by the state, county, or city is a rebate. This is a cash-back offer that, in simple terms, basically says, “If you purchase solar and have proof that you did so, we’ll give you X amount of dollars back” in return. It’s their way of bribing, but there’s really no harm and no catch.

Governments often offer rebates like these but so do some manufacturers and installers of solar panels. This way, you can get some of your money back that would go towards paying for the panels and getting great commercial solar installation done.

Tax Breaks

Especially for business owners, you bet that a tax break for installing solar panels would be greatly appreciated. Nobody wants to have to fork over more taxes than they’re comfortable with when tax season comes around. It’s already bad enough that we’re going through times of inflation. So, a tax break can truly make all the difference for so many of us.

If a tax credit of $1,000 is given to you in exchange for switching to solar, this means you’ll owe $1,000 less on your taxes for the most recent tax year. Sometimes these tax breaks come in the form of a percentage instead. While tax breaks for going solar is often a one-time thing, in some cases, you may get a tax break for more than one year.

The best part about a tax break incentive for installing solar panels? You can combine this tax break with other solar incentives as well- getting the most out of going solar!

Performance-Based Incentives

Incentives for solar aren’t just for those who just switched over. There’s such a thing as a performance-based incentive. In this case, the better your solar performs and the more it produces, the more financial incentive you may receive as a result. So, really, the government pays you for the work your solar panels are doing!

Conclusion

Switching to solar can be intimidating. There’s a first for everything, but it’s the feeling of not knowing, but wishing we knew, that causes us to be hesitant about trying new things. On the brightside, even if you’re nervous about getting solar for the first time, know that the result is well worth it. And with a government incentive available, switching to solar isn’t so bad after all.

Here are other articles related to your search:

• How Can Solar Panels Save You Money?
• How to Choose the Best Solar Panel Company in Your Area
• Your Best Guide to Selecting the Ideal Solar Panel Installation for Your Property