Solar Incentives, Tax Credits and Rebates
Read on to understand what solar incentives you may qualify for! Or request a quote and our Solar Energy Consultant will walk you through it all.
How do tax credits work?
Tax credits can dramatically reduce the net cost and payback period of a solar system and are currently the best incentive out there.
A tax credit is even better than a tax deduction.
You don’t subtract it from your income—you subtract it from the amount of taxes you owe. Every dollar of tax credit is a dollar you don’t pay in taxes.
Another tax advantage is a state property tax exemption for solar. While research by Zillow discovered that North Carolina is the 3rd best state for selling a home with solar (home buyers are willing to pay an additional 4.8%!), that doesn’t cause a residence with solar to have higher property taxes thanks to this NC property tax exemption.
Bottom line is, when it comes to incentives for going solar, now is always the best time to make the transition. Incentives and rebates are continually decreasing, not the other way, and when you can start saving money now, why wait?
Still have questions? Reach out!
For a comprehensive source of information on incentives and policies that support renewable energy and energy efficiency in the United States visit https://programs.dsireusa.org/system/program/nc