Solar Payback

Solar Incentives & Rebates

Incentives Make Solar More Affordable Than Ever

Solar incentives can drive down the cost of your solar installation by more than 50%! Federal, State, and Local governments, along with utilities, are pitching in to lower the cost of home solar power because solar is a great investment for them as well as for you. If you choose to lease your solar system, you still benefit because most of these incentives transfer to your system owner. The incentives require some paperwork, which Astrum Solar will take care of for you.

Federal Tax Credit

The Federal rebate is very straightforward. It is 30% off your installation price. It’s a simple one page form that attaches to your Federal tax return and you will get your money as a tax rebate. There is no risk money will run out.

State and Local Rebates

Most states have some kind of rebate or grant program that provides reimbursement to homeowners for solar installations. There are also a variety of local incentives that might be available to you depending on where you live. Get more details about incentives and rebates available in your state: Connecticut, Delaware, Maryland, Massachusetts, Michigan, New Jersey, New York, Ohio, Pennsylvania, Virginia, Washington, DC and West Virginia.

Solar Renewable Energy Credits

Most states have laws requiring utilities to produce a percentage of their electricity using renewable sources of energy (or pay a fine to the state). The utility can meet this requirement by buying Solar Renewable Energy Credits (SRECs) from solar homeowners. It’s a win-win-win situation! You get money from the utility for putting up solar panels, the utilities don’t need to become experts in adding solar to roofs, and the state gets more solar installations. As one of the nations’s top residential SRECs aggregators, Astrum Solar can offer you flexible purchase options and top value for your future SRECs.

When you use our Solar Calculator to get an estimate for a solar installation for your home, it will show you all the solar incentives and rebates you may be eligible for as well as the price we can offer you for your SRECs.