REC Solar knows the ins and outs of government solar incentives and rebates, and will guide you through the process of saving up to 50% of the initial system cost.

Whether you pay cash or finance your system, REC Solar handles the paperwork. Our dedicated team of finance experts stays on top of ever-changing rules and regulations for you, making sure you get the most of your solar electric investment.

Request a quote from us and take the first step toward seeing what kind of financial return you can generate by producing clean solar electricity for your home or business.

Federal Incentives

With today’s federal tax incentives, there’s no better time to go solar. The federal Investment Tax Credit (ITC) allows you to take an income tax credit equal to 30% of the total cost of your solar system. Due to passage of the Energy Improvement and Extension Act of 2008, the ITC is still available. Our finance team will be happy to provide additional details regarding this and other federal tax benefits – including bonus depreciation – and help you develop a solar solution which provides maximum financial advantage. Moreover, when you purchase a system with REC Solar, we’ll make sure you and your tax preparer have the necessary information and documentation to claim all applicable tax benefits.

State Incentives

Dozens of states and over 200 utilities provide direct financial incentives for new solar systems. After all, you’re adding additional capacity to the utility’s grid and thus reducing the need for new power plants, transmission lines, and other infrastructure.

The nature, timing, and type of incentives provided for new solar systems vary widely. Rest assured, however, that REC Solar takes care of all the paperwork and in some cases guarantees the incentive, so we can design and install your solar electric system right away.

State and utility incentives which may be available for your solar system (depending on location) include the following:

• Rebates and grants. Many states, including California, offer direct cash rebates to offset the initial cost of a solar system. Such rebates (sometimes termed ‘up-front incentives’) are generally only provided to smaller solar systems, and are calculated based on system capacity or expected performance.

• Performance-based incentive and feed-in-tariffs. Typically used for larger commercial solar systems, performance-based incentives and feed-in-tariffs pay solar system owners for every kilowatt-hour produced on a long-term basis.

• State tax credits and exemptions. In addition to the federal investment tax credit, a number of states offer corresponding state-level income tax credits for residential and/or commercial solar. Moreover, solar is exempted from sales and property taxes in many locales.

• Green attributes. Instead of offering a fixed up-front or performance-based incentive, many states are now simply allowing solar owners to sell the green attributes (often known as ‘Renewable Energy Credits’ or RECs) of their electricity on the open market. These markets are becoming an especially-prominent driver of commercial and residential solar in states including New Jersey and Massachusetts.

• Net Metering. Nearly every state in the nation offers net metering, which allows solar system owners to receive a full-retail bill credit for every kilowatt-hour produced by their solar system and in virtually all cases, allows these credits to rollover month-to-month. At the end of the year, your billing is reconciled and you either pay what you owe or the utility pays you.

The availability of these incentives is often limited, and the amounts provided are typically reduced over time.

Request a quote from us today in order to maximize these opportunities, and we’ll let you know what’s available in your area and how to optimize your financial return.