Solar Incentives for Residential & Commercial Customers
One of the most important aspects of going solar is the incentives that come with adding solar panels, inverters, and generators to your home or business. We want to help our customers discover all of the financial advantages of solar energy and the best ways to get compensated for their contribution to preserving the environment and natural resources.
Take Advantage of Available Federal Solar Incentives
Along with reduced energy bills, solar panels and systems come with a wide range of incentives for starting the wave of sustainable energy use in your local community. With simple installations, services, and a variety of solar incentives, Clark Energies helps you get access to all of the financial benefits available with solar energy use in your area.
Types of Solar Panel Incentives
As you consider the installation of solar panels, inverters, and generators for your home or business, it is important to take into account the extensive benefits and solar incentives available, including:
Incentive Tax Credits (ITC)
Federal investment tax credits, also known as ITCs, allow businesses to deduct a portion of the cost of their solar energy system from their federal income taxes, with credits up to 26% of the solar system’s cost.
Feed-in Tariffs (FiTs)
Feed-in tariffs have been widely adopted in various countries, providing guaranteed payments to solar system owners for the electricity they generate and feed back into the grid. FiTs help incentivize renewable energy generation by offering stable, fixed payments over a specified period.
Net Metering
Net metering policies allow solar system owners to receive credits for excess electricity they generate and feed back into the grid. These credits can offset the cost of electricity drawn from the grid when solar production is insufficient.
Renewable Energy Certificates (RECs)
Renewable Energy Certificates, also known as Renewable Energy Credits or Green Certificates, are tradable certificates that represent the environmental benefits of producing a certain amount of renewable energy. Solar system owners can earn RECs based on their energy generation and sell them to utilities or businesses looking to meet renewable energy goals or offset their carbon emissions.
Solar Grants and Rebates
Many governments and local entities offer direct grants or rebates to incentivize the installation of solar energy systems. These programs provide financial assistance to reduce the upfront cost of purchasing and installing solar panels. The availability and value of grants and rebates vary by region and can often be found at the federal, state, or local level.