Solar Incentive & Rebate Information

Incentives and rebates vary by location and utility

Solar photovoltaics (solar panels producing electricity) promote national energy independence, high tech job creation, and the reduction of carbon dioxide emissions. The government and utility companies put incentives in place to make solar more accessible, as it benefits the entire country. Each state sees unique solar incentives, and they can be different for residential and commercial scale projects. When selecting SolFarm as your solar installer you can rest in knowing that we will take advantage of any and all available incentives and rebates to save you money.

Federal Incentives & Rebates

The federal ITC is available to business and home-owners in all states. It is a tax credit for 30% the total cost of your system. Available in full until the end of 2019, in the following years the ITC will be reduced: 2020 reduced to 26%, 2021 reduced to 22%, and by 2022 the tax credit will be unavailable to home solar installations but a 10% ITC will remain for commercial projects.Learn more on the Database of State Incentives for Renewables & Efficiency (DSIRE) and from the Solar Energies Industry Association (SEIA).

Business owners in all states can recover their solar investment costs through depreciation deductions. Solar electric systems are classified as five-year property under the MACRS. Click here to learn more at DSIRE.

North Carolina

Residential customers - Eligible for a rebate up to 60 cents per watt for energy systems 10 kW or less. This results to a savings of up to $6,000 off of your PV system installation.

Non-residential customers - Eligible for 50 cents per watt for systems up to 100kW in size resulting in a savings up to $50,000.

Not-for-profit customers - Eligible for an enhanced rebate of 75 cents per watt on systems up to 100kW in size resulting in a savings up to $75,000.

PDF document icon Official Duke Energy document

To learn more, call now to speak with one of our representatives or contact us for a quote.

South Carolina

Business and home-owners in South Carolina can qualify for a tax credit of 25% of the total system cost. Tax credits, if unused, can roll forward for a total of 10 years. Learn more from South Carolina's Energy Office.

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