The Numbers
Residential
Federal Tax Credit
Any Residential Solar System in the entire country qualifies for a 30% federal tax credit. This is a dollar for dollar reduction in the amount of taxes owed based on the cost of your system. For example, if your system cost $45,000, you would get a tax credit of $13,500. Reducing the net cost of your system down to $31,500. If you don't have enough tax liability to use up your tax credit the first year, it can be carried over year after year until it is used up.
State Rebate Programs
Each of the states we service has a good state rebate program for solar. The amount of your rebate varies from state to state, but they all come in the same form. Once your system is completed and turned on, we file for your rebate and within a few months, the state issues you a check.
SREC Program
The various state SREC programs are a unique way of having utility companies subsidize your solar system. Every time your system produces 1,000 kWh, you are issued an SREC. Utility companies are required to purchase them from you. This subsidy comes in the form of periodic checks from our SREC broker to you. With the SREC programs, your solar system can actually provide you with periodic extra income.
For example cost breakdowns on an average solar system please click the thumbnails below.
Any Residential Solar System in the entire country qualifies for a 30% federal tax credit. This is a dollar for dollar reduction in the amount of taxes owed based on the cost of your system. For example, if your system cost $45,000, you would get a tax credit of $13,500. Reducing the net cost of your system down to $31,500. If you don't have enough tax liability to use up your tax credit the first year, it can be carried over year after year until it is used up.
State Rebate Programs
Each of the states we service has a good state rebate program for solar. The amount of your rebate varies from state to state, but they all come in the same form. Once your system is completed and turned on, we file for your rebate and within a few months, the state issues you a check.
SREC Program
The various state SREC programs are a unique way of having utility companies subsidize your solar system. Every time your system produces 1,000 kWh, you are issued an SREC. Utility companies are required to purchase them from you. This subsidy comes in the form of periodic checks from our SREC broker to you. With the SREC programs, your solar system can actually provide you with periodic extra income.
For example cost breakdowns on an average solar system please click the thumbnails below.
PA Example
NJ Example
Commercial
Federal Grant Program
In lieu of the federal tax credit, right now, businesses can opt to take that 30% as a grant payment upon completion of the job. This helps ease the capital expenditure of a large commercial system.
State Rebate Programs
Each of the states we service also has a good state rebate program for commercial solar. The amount of your rebate varies from state to state, but they all come in the same form. Once your system is completed and turned on, we file for your rebate and within a few months, the state issues you a check.
SREC Program
The various state SREC programs are a unique way of having utility companies subsidize your solar system. Every time your system produces 1,000 kWh, you are issued an SREC. Utility companies are required to purchase them from you. This subsidy comes in the form of periodic checks from our SREC broker to you. With the SREC programs, your solar system can actually provide you with periodic extra income.
For example cost breakdowns on an average solar system please click the thumbnails below.
In lieu of the federal tax credit, right now, businesses can opt to take that 30% as a grant payment upon completion of the job. This helps ease the capital expenditure of a large commercial system.
State Rebate Programs
Each of the states we service also has a good state rebate program for commercial solar. The amount of your rebate varies from state to state, but they all come in the same form. Once your system is completed and turned on, we file for your rebate and within a few months, the state issues you a check.
SREC Program
The various state SREC programs are a unique way of having utility companies subsidize your solar system. Every time your system produces 1,000 kWh, you are issued an SREC. Utility companies are required to purchase them from you. This subsidy comes in the form of periodic checks from our SREC broker to you. With the SREC programs, your solar system can actually provide you with periodic extra income.
For example cost breakdowns on an average solar system please click the thumbnails below.
PA Example
NJ Example
For a more detailed financial analysis or an actual estimate, please contact us for a free evaluation.
For more information on solar incentives across the United States, check out the DSIRE
