Are there any government incentives for solar energy?

Yes, there are government incentives available for solar energy. The federal government provides a tax credit known as the Investment Tax Credit (ITC), which allows homeowners and businesses to receive a credit of 26% of the total solar system cost against their federal tax liability. This credit helps offset the upfront costs of installing solar panels. Additionally, some state governments offer their own incentives such as grants, rebates, or loans for solar energy projects. These incentives vary by state and can further reduce the overall cost of going solar. It is important to check with local utility companies and government websites to explore all available incentives. Taking advantage of these government incentives can make installing solar panels more affordable and help individuals and businesses contribute to a more sustainable future.