It seems like we’re seeing a lot more solar panels popping up on people’s roofs these days. That shouldn't be surprising though, seeing as making the switch to solar is a proven way to slash household energy costs and earn some income on the side in the form of rebates and tax credits.
Should you also get solar panels for your home?
We’ll let you decide that. But to help you make an informed decision let’s walk you through the key incentives to get solar panels in Delaware.
The state of Delaware doesn’t offer a statewide solar tax credit or rebate. However, several energy companies in the state offer utility solar rebate programs rebates to their customers. That being said, Delaware does offer federal tax credits for individuals who install solar panels, as well as a property tax exemption for solar panels.
The federal tax credit is designed to encourage the adoption of renewable energy and reduce the cost of installing solar panels for individuals. Individuals who install solar panels in Delaware are eligible for a federal tax credit worth 30% of the cost of their solar panel system. This is in line with the Inflation Reduction Act (IRA) which was passed by the government in 2022. Delaware solar tax credits can be claimed over the course of two years. The amount is credited to your income tax bill.
By taking advantage of these tax credits and incentives, individuals in Delaware can lower the overall cost of installing solar panels and receive financial benefits for generating their own clean energy.
Delaware's REPS program requires utility companies to generate a certain amount of electricity from renewable sources, including solar. This means that utility companies are required to purchase Solar Renewable Energy Credits (SRECs) from solar panel owners, which provides a financial incentive for homeowners and businesses to install solar panels.
The state of Delaware allows homeowners and businesses with solar panels to earn credits on their electricity bills for the excess energy they generate. This is known as net metering. The excess energy is sent back to the grid and credited to your account, reducing the amount that you pay for electricity.
Delaware’s Green Energy Program provides grants to eligible homeowners and businesses for the installation of solar panels and other renewable energy technologies. The grant amount varies based on the size of the system and other factors.
Thanks to these incentives, Delaware is positioning itself as an attractive state for homeowners and businesses to install solar panels and take advantage of the benefits of renewable energy.
At Star Enrg, we pride ourselves on providing a holistic approach to solar energy for home and business owners in Delaware.
Our designers combine the key elements of solar energy systems — energy generation, energy savings, energy storage, and system performance monitoring — to deliver custom solar solutions for our clients.
Star Enrg can service any solar system under warranty, upgrade the output of an existing solar system, and design and install a new solar energy system for your residential or commercial property. Once set up, we make sure to enroll you into every available incentive for your solar project, so you can maximize your savings from day one.
With a growing solar grid of over 1800 systems under warranty, Star Enrg is your reliable partner when it comes to going solar in Delaware. Get in touch today by calling (302) 397-8917 or through our contact form. You can also email us at solar@starenrg.com.
