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Sunday, May 19, 2024

Free Solar Panels? Don’t Get Burned.

Over recent years, solar energy has seen a rise in interest as more Americans learn of its immense cost-saving and carbon-cutting potential. Through our solar office, the U.S. Department of Energy (DOE) offers several programs to help consumers lower the cost of solar projects for their homes, businesses, and communities

Thanks to President Biden’s Investing in America agenda, Americans may be eligible to receive a 30% federal tax credit if they installed or will install a solar photovoltaic system between 2022 and 2032, potentially reducing the cost of installation by more than $7,500 for an average system. 

Homeowners can also finance rooftop solar projects through lease or loan arrangements and could receive additional savings on installations through subsidy programs offered by their state. For some income-qualified households, those subsidies could cover the total cost of the system—but check to see that the program is listed on a .gov website or call the state office to make sure the offer is real and to learn how to participate. 

It is important to not sign any contract until you are able to make a well-informed decision. Homeowners can refer to guidance from our solar office to explore options and eligibility for programs. 

In March 2023, the DOE released a collection of smart shopping tips to consider before making a final decision on a solar energy project. In addition, be sure to check out our Homeowner’s Guide to Going Solar for more resources to help you make the switch to solar. 

Official news published at https://www.energy.gov/articles/free-solar-panels-dont-get-burned

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