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Explore Delaware solar incentives that help make the switch to clean energy even more affordable. From utility provider rebates to net metering, learn everything you need to know about solar incentives in the First State.
Delaware is among the forward-thinking states that have made a public commitment to embracing renewable energy. The state has set a target to generate at least 40% of its energy through renewables by 2035. This aggressive decarbonization plan underlines some solar incentives available to DE residents.
This plan involves modernizing government infrastructure as well as helping subsidize home and business owners who want to go green. You can make the most of this commitment through valuable incentives.
Delaware combines some strong installation rebates with other ongoing incentives such as SRECs and Net Metering.
The incentive structure in Delaware carries some differences from those in other states. In particular, the state itself doesn’t administer rebates. Instead, individual utility providers have their rebates. The amount differs by provider, and the amount of the rebate is determined by the size of the system installed.
Delmarva Power offers the best deal. Customers who make the switch can access the Green Energy Grant Program. You receive $700 per kilowatt (kW) installed. The per kW amount is lower than some other providers but comes with a higher ceiling. For large systems, you can get up to $6,000 in total.
DEMEC is great for smaller systems due to a higher per kW rebate amount but a lower ceiling. DEMEC customers can receive $1,000 per kW up to $3,500.
Lastly, customers of Delaware Electric Cooperative can get $500 per kW up to a maximum of $2,500. These rebates help make your system installation costs more affordable.
Delaware allows you to access passive incentives by simply generating power with solar. Net metering is a way to capitalize on periods of high energy production, while SRECs are saleable credits you earn over time.
Delaware SRECs, or solar renewable energy credits, earned the longer your system generates power. For every megawatt of power generated, you earn one SREC. To meet Delaware’s renewable energy standards, utility companies either have to generate a certain amount of power through clean energy, or subsidize its generation. To do this, they visit an SREC marketplace. This is a digital marketplace where your SRECs can be listed by a broker. Utility companies then purchase these SRECs to meet the renewable energy standards set by the state.
SRECs are a valuable way to cut the cost of energy expenses even further, and all you have to do is utilize clean, affordable energy to earn them.
Like SRECs, net metering creates ongoing benefits for you. Over time, you may go through periods where your system is producing more energy than you can use. Some system owners opt to purchase a battery storage system so they can access this energy during grid outages. However, if you don’t have a battery storage system, your excess energy will be sent back to the utility company. In return, you’ll receive net metering credits. These can be used to purchase energy at a reduced cost during times when you’re using more energy than your system can produce. It’s an excellent perk that ensures the advantages of your solar system are spread throughout the year.
In 2022, the Biden Administration renewed and increased the federal solar investment tax credit. Now until 2032, you can claim a 30% income tax credit on the cost of your system installation. This deduction is part of the federal commitment to encourage broader adoption of renewable power throughout the country.
Since 2018, we’ve worked hard to help home and business owners access the various benefits solar offers. For us, everything starts with a commitment to transparent, exceptional service. Your questions are always valued by us, and we take the time to walk you through each step of making the transition to solar energy. We’re honored by the reputation we’ve been able to build with clients, as seen in our over 400 five-star reviews on Google.
Your system’s performance will be determined by the quality of the design and installation, as well as the quality of the products being installed. We’ve put in the legwork to find some of the best products in the industry to use for our projects. You can trust you’re getting top-tier panels, inverters, and racking systems that will stand the test of time and produce excellent results.
Across the country, state and local governments are taking substantial steps to transition their energy systems to renewables. They recognize the necessity of reducing carbon emissions to create a healthier environment for us all. This commitment to renewable energy is echoed by large multinational corporations such as Apple, Target, and Walmart. More and more pieces of energy infrastructure will be shaped by solar, wind, and more. By making the switch now, you’re preparing yourself for the world of tomorrow.
Solar energy does more than just save you cash. It also allows you to make a tangible impact on your carbon footprint. With solar, you are changing the way you use energy for the better.
With solar incentives that help you save today, and for years to come, there’s never been a better time to go solar in Delaware. Reach out to our expert solar consultants to get started on your journey today.
With solar incentives that help you save today, and for years to come, there’s never been a better time to go solar in Delaware. Reach out to our expert solar consultants to get started on your journey today.
