Incentives, Tax Credits, And Other Rebates
Solar Tax Credit
Solar panel prices have fallen dramatically in recent years, allowing solar panels to be more available to both customers and company owners. The total amount paid by suppliers of renewable electricity companies is the lowest it’s ever been, with cash-bought systems at just $2.70 per watt and $3.01 per watt for renewable-specific loans received from the contractor.
Federal tax credit and other green incentives (such as deductions from income tax) make residential solar panel systems appealing, given low energy costs.