Rebate for installing solar panels on rural roofs

What are solar rebates & incentives?

Rebates and incentives are a crucial way to encourage broader adoption of solar energy and full home electrification across the country. These incentives will typically come from your utility, state government, or the federal government in the form of tax credits, property tax abatements, one-time rebates, or performance-based rebates.

What is a solar rebate & tax credit?

Rebates: A one-time incentive for solar installations offered by utilities and/or government agencies. Tax Credit: A direct dollar-for-dollar deduction off of your income taxes that you would normally pay to the federal government. Tax Deduction: Deduction of taxable income that can increase your refund or reduce how much tax you owe.

Do solar rebates work?

Several states offer rebate programs that cover some or all of the cost of purchasing a home solar system and/or battery storage. These rebates can work in addition with the federal tax credit to increase the savings of going solar. For example: Maryland offers a $1,000 rebate for solar photovoltaic and solar shingle installations above 1 kW.

Does Philadelphia have a solar rebate program?

The city of Philadelphia created a solar rebate program in 2019 that offered rebates of $0.20 per watt for residential projects. However, this program was suspended due to budget cuts related to COVID-19 PBIs are incentives based on the energy production of a solar system.