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Solar incentives in Maryland, Pennsylvania, Virginia, and Washington DC help make your solar system more affordable.
Solar incentives are offerings by governments at the federal, state, or local level meant to encourage the adaption of green energy. Many states and localities have pledges to reach carbon neutrality within a certain timetable, but recognize that government infrastructure alone may not be enough to meet targeted goals. As such, they offer incentives to home and business owners who embrace green energy to help lessen the barrier to transitioning.
Solar incentives are offerings by governments at the federal, state, or local level meant to encourage the adaption of green energy. Many states and localities have pledges to reach carbon neutrality within a certain timetable, but recognize that government infrastructure alone may not be enough to meet targeted goals. As such, they offer incentives to home and business owners who embrace green energy to help lessen the barrier to transitioning.
The solar incentives available to you vary by state, as well as city or locality within that state. However, typically solar incentives come in a few different forms focused on mitigating the cost of installation, as well as allow you to benefit from generating excess energy, and energy over time.
Rebates are a form of payment where, following the completion of your solar installation, a government entity sends you a cash reimbursement covering a specified amount of the installation. Amounts vary by locality and government.
Solar energy renewable credits are a form of payment accessible for generating energy over time. Once you hit the specified threshold (typically one megawatt hour), you can sell them on the SREC market.
Tax breaks and exemptions are a common form of incentive, often allowing you to write off some or all of your solar installation costs on your taxes. There may also be incentives that exempt you from sales tax when purchasing panels.
Net metering offers an advantge when you generate more energy than your home or business can use in a day. You have the ability to sell excess energy back to the power grid, and most municipalities will purchase it at market rate.
The solar incentives available to you vary by state, as well as city or locality within that state. However, typically solar incentives come in a few different forms focused on mitigating the cost of installation, as well as allow you to benefit from generating excess energy, and energy over time.
Rebates are a form of payment where, following the completion of your solar installation, a government entity sends you a cash reimbursement covering a specified amount of the installation. Amounts vary by locality and government.
Solar energy renewable credits are a form of payment accessible for generating energy over time. Once you hit the specified threshold (typically one megawatt hour), you can sell them on the SREC market.
Tax breaks and exemptions are a common form of incentive, often allowing you to write off some or all of your solar installation costs on your taxes. There may also be incentives that exempt you from sales tax when purchasing panels.
Net metering offers an advantge when you generate more energy than your home or business can use in a day. You have the ability to sell excess energy back to the power grid, and most municipalities will purchase it at market rate.
The Federal Solar Investment Tax Credit, or ITC, is the only universal federal incentive for going solar, regardless of your state. The ITC can offer huge tax breaks for making the smart choice to go solar. In 2022, the ITC amount was raised and extended for another decade, meaning it’s never been more affordable to go solar than right now.
In 2022, the federal government passed legislation raising the ITC from 26% to 30%. Before the government took action, the credit was set to taper off beginning in 2023.
The current ITC rate will last through 2032, granting you the benefit of a 30% tax credit on your solar panel installation project.
Beginning in 2033, the Solar Federal Investment Tax Credit will begin to taper out and lower. For systems installed in 2033, the credit reduces to 26% and t0 22% in 2034.
While the Federal ITC is a great incentive available to all, each state / district we operate in has its own incentives for going solar that help make the process even more financially viable. Click below to explore the incentives in your state.
Make the most of your solar installation with great incentives and expert service from the Lumina Solar team. Our Solar Consultants work directly with you to ensure the process is efficient, effective, and helps you save.
Make the most of your solar installation with great incentives and expert service from the Lumina Solar team. Our Solar Consultants work directly with you to ensure the process is efficient, effective, and helps you save.
Kenton is a dedicated, hardworking solar professional. He brings over five years of solar experience to Lumina. Kenton has worked on both the residential and commercial sides of the solar industry, bringing a wide range of knowledge to the team.
As Lumina’s Commercial Construction Manager, he strives to improve production, organization, management, and quality to the team. Prior to this role, Kenton accrued years of management experience working for a commercial solar installation company. While in this position, Kenton supervised numerous megawatt systems for some of the largest companies on the East coast.
Kenton has obtained his ACI certification and is PV certified. He enjoys spending time with his wife and four children. When possible, Kenton takes his family down to the beach, spending time in the sun or on the board walk and enjoying pizza from Nicolas.
