Are there any incentives or rebates available for installing solar panels?

Yes, there are several incentives and rebates available for individuals and businesses looking to install solar panels, which can effectively reduce the overall cost of going solar. The most prominent incentive is the federal solar tax credit, formally known as the Investment Tax Credit (ITC). Under the ITC, homeowners can receive a significant tax credit based on a percentage of the total cost of their solar panel installation. This credit has varied over the years, so it is advisable to check the current percentage available for the year of installation. In addition to the federal incentives, many states also offer their own rebates and credits to encourage solar adoption. These can vary widely from one state to another and may include cash rebates, property tax exemptions, or sales tax exemptions related to solar purchases. Some local utility companies also have incentive programs that can provide additional financial benefits to customers who install solar energy systems. Furthermore, certain areas may participate in renewable energy certificates or "solar renewable energy credits" which can provide additional income as energy is generated. It is beneficial to research the specific incentives available in the region where one resides. To obtain the most accurate and up-to-date information, it is often helpful to consult the official Vivant Solar website or local resources for details on current programs and eligibility.