Residential Financial Incentives
Make Solar Work For You
Get Maximum Financial and Energy Savings with Solar
How Much Does Solar Cost?
The cost of solar largely depends on how much of it you need, but in many cases your cost will equal 6 to 9 years of your current electric bills. Given that solar lasts 30 years, that means you get 21 to 24 years of free home generated power!
Solar Incentives
Here are some of the possible incentives you can expect with solar energy:
- Federal Tax Credit
- Delaware Grants
- Delaware Environmental Incentives
- Local Rebates and Incentives
- Clean Energy USA Promotions
Contact Clean Energy USA to learn all the ways you can make the system pay for itself!
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Go Solar in Delaware!
You can apply for state-backed, low-interest loans, known as Green Grant Delaware.
Lock in your energy costs today and avoid rising power bills. It all shines a light on one clear fact: It's an amazing time to go solar! Act now before the federal tax credit value goes down!
The Low- to Moderate-Income (LMI) Solar Program brings clean energy to families. These families have been left out of existing state programs.
There are two different ways to qualify for getting a cost-free or reduced-cost solar install on your home:
Low-Income Households
If you qualify for the low-income grant, you will receive a 4kW solar system, absolutely free! The LMI Program covers 100% of the cost. Low-income households must first apply for services through the Weatherization Assistance Program by calling the Energy Coordinating Agency at 302-504-6111.
Moderate-Income Households
If you qualify for the moderate-income grant, you will receive a 6kW solar system for only 30% of the cost; the program covers the other 70%! You are also eligible for a 30% Federal Tax credit.
Are you ready to start saving?
For more information or to start your solar journey today, use the contact form or reach out to Kristin directly:
302-206-4796
FAQs
What is the Federal Solar Tax Credit?
The federal solar energy credit is a tax credit. You can claim it on federal income taxes. It covers a percentage of the cost of a solar system. The Federal Solar Tax Credit is available to home and business owners. It's also available to nonprofits. Currently, the Federal Solar Tax Credit stands at 30 percent.
How Do I Claim the Federal Tax Credit for Solar?
To claim the Federal Solar Tax Credit, you'll need to first check if you're eligible, then complete IRS form 5695 and add your renewable energy tax credit information to Schedule 3 and Form 1040.
What Documents Do I Need to Submit for the Solar Tax Credit?
- IRS Form 5695
- Instructions for Form 5695
- IRS Form 1040
- Instructions for Form 1040
Once you've checked your eligibility status for the tax credit, you need to collect all the forms you need to claim the credit. These forms include:
*Note: Above forms for reference use only. Be sure to download directly from the IRS once the current tax year's forms have been released.
Can You Claim the Solar Tax Credit More Than Once?
You may claim a tax credit for each qualifying purchase of solar, but may do so only once for each purchase. For example: if you were to purchase a 5kW system today for $20,000, you would get a $6,000 credit. If several years later you were to purchase an additional 4kW system for $16,000, you would get a $4,800 credit for that purchase.
Why Does the Tax Credit Make Now the Perfect Time to Go Solar?
The Inflation Reduction Act of 2022 increased the Federal Solar Tax credit from 26 to 30 percent for systems installed between 2022 and 2032. That 30 percent will not hold forever. The tax credit will decrease to 26 percent for systems installed in 2033 and to 22 percent for systems installed in 2034. In 2035 the tax credit will expire unless congress renews it.