Installing solar panels in Delaware is a smart investment, thanks to favorable incentives and a strong return on investment. With the Delaware solar tax credit and other Delaware solar panel incentives, homeowners can significantly reduce the upfront costs.
Homeowners can benefit from a 30% federal tax credit on their solar installation costs. This non-refundable credit reduces your federal tax liability, making solar more accessible. Also, Delaware mandates net metering, allowing homeowners to receive full retail credit for excess electricity sent back to the grid. This policy ensures that solar energy producers are compensated fairly, enhancing the financial viability of solar systems. Moreover, with Solar Renewable Energy Credits (SRECs), for every megawatt-hour of solar energy produced, solar panels in delaware homeowners earn one SREC, which can be sold to utility companies. This provides an additional revenue stream, further offsetting the cost of solar installations.
Green Energy Program Grants: Administered by the Delaware Department of Natural Resources and Environmental Control (DNREC), these grants offer financial assistance to homeowners installing renewable energy systems, including solar panels. The grant amount varies based on system size and utility provider.
???? Is Solar Worth It in Delaware?
Absolutely. Beyond the financial incentives, solar panels can increase your home's value and contribute to environmental sustainability. With the state's commitment to renewable energy, Delaware residents can enjoy long-term benefits from solar investments.
Solar SME is a certified solar installer offering top-tier solar solutions at affordable prices. Their expertise ensures efficient installations, helping you maximize savings and energy independence.