Go Solar Easily with Delaware’s Solar Incentives and Rebates
While Delaware may rank 31st among the sunniest states in the U.S., receiving around 73.54% of the maximum possible sunshine, going solar is still a worthwhile investment for property owners. The First State offers straightforward solar regulations that ensure you get rewarded for generating clean energy and reducing your carbon footprint.
Slash Your Energy Costs with Delaware Solar Incentives
Delaware has robust Renewable Portfolio Standards (RPS) that mandate 25% of the state’s electricity must come from renewable sources by 2025-2026. Utilities face hefty fines for non-compliance, so they provide generous solar incentives to encourage residential solar installations.
The state’s solar carve-out further requires 3.5% of its renewable energy to specifically come from solar by 2027. This commitment to solar power translates into attractive rebates and incentives for Delaware homeowners.
Net Metering Ensures You Get Credited for Excess Solar Power
Delaware’s net metering laws allow you to get credited for any excess solar electricity your system generates and sends back to the grid. You can bank these credits indefinitely or get paid for them annually at the utility’s supply rate.
Interconnection standards provide a consistent framework for utilities to connect solar systems to the grid and offer net metering.
Upfront Rebates and Performance Incentives Reduce Costs
Several Delaware utility companies offer solar rebates to lower your upfront installation costs. Rebate values range from $0.50 to $0.70 per watt installed up to system size limits.
You can also earn ongoing performance-based incentives (PBIs) called “Power Performance Payments” based on your system’s actual energy production each year. These solar renewable energy credits (SRECs) have a variable market value.
Other Delaware Solar Benefits:
– Green Energy Grant program for solar water heating and other renewable installations
– Low-interest Energize Delaware Solar Loans up to $30,000
– Low-to-Moderate Income Solar Pilot Program for affordable residential solar
– No state sales tax on solar equipment purchases
Plus, you qualify for the 26% federal solar investment tax credit (ITC) when you buy your solar system.
With this combination of state incentives, rebates, and the federal tax credit, going solar in Delaware is a smart investment that pays off. Contact a reputable local solar installer to maximize your solar savings today!
