Solar incentives are programs, policies, or financial mechanisms designed to encourage the adoption of solar energy systems by reducing their cost or increasing their benefits. These incentives can come from federal, state, or local governments, utility companies, or private organizations. Common types of solar incentives include:

1. Tax Incentives

  • Federal Investment Tax Credit (ITC): Allows homeowners and businesses to deduct a percentage of the cost of installing a solar energy system from their federal taxes. For instance, as of 2023, the ITC provides a 30% credit for eligible solar installations.
  • State Tax Credits: Many states offer additional tax credits for solar installations, which can further reduce the upfront cost.

2. Rebates

  • Utility Rebates: Some utility companies offer cash rebates for installing solar panels. These are typically available for a limited time or until funding is exhausted.
  • State/Local Rebates: Some states or local governments provide rebates to incentivize solar adoption.

3. Net Metering

  • Allows solar system owners to sell excess electricity back to the grid and receive credits on their utility bills. These credits can offset future energy costs.

4. Solar Renewable Energy Certificates (SRECs)

  • Homeowners and businesses can earn SRECs for the solar power they generate. These certificates can be sold to utility companies, which use them to meet renewable energy requirements.

5. Performance-Based Incentives (PBIs)

  • Provide payments based on the amount of electricity your solar system generates. Payments are typically made per kilowatt-hour (kWh) produced.

6. Grants

  • Some government programs or nonprofit organizations offer grants to help cover the cost of solar installations, particularly for schools, nonprofits, and low-income households.


For adding Incentives , Scroll to the Settings >> Finance Setup page >> Incentive. Then scroll down and click on Add Incentive Profile.