Delaware Incentives

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Solar Power in Delaware

Delaware ranks seventh in the U.S. for new solar power capacity per capita, making the state one of the current leaders in solar policy and one of the most attractive states for solar investment. As a whole, the U.S. solar market is booming, but Delaware in particular is seeing expansive growth despite its size. In 2013 alone, more than $20 million was invested in solar installations for Delaware homes, businesses, and utilities.

Utility scale solar developments such as the Dover Sun Park installation, built in 2011 by developer SunPower, the Peninsula Solar Project, scheduled to be completed in 2014 by Tangent Energy Solutions, and the Milford Solar Farm, completed in 2012 by Juwi Solar Inc., have the combined capacity to power more than 2,600 homes. Smaller scale (such as residential and business) use of solar power is also on the rise due to improved technologies, the improving price of solar panels, and state and federal level incentives. Thinking of going solar? Read our 10 things you need to know about home solar power blog post before getting started.

Delaware State Tax Incentives

Delaware has a number of valuable financial incentives for the use and implementation of solar panels DE. Performance-based incentives (for eligible generators) include Solar Renewable Energy Credits (SREC) and the SREC Procurement Program. The incentive for SREC generators varies based on market conditions, but as of mid-2012 the amount was listed at roughly $189 per MWh.

State loan and rebate programs are also available for solar panels Delaware. The Sustainable Energy Utility (SEU) has a Revolving Loan Fund for larger scale projects which amounts to between $10,000 and $1 million per project. On a residential level, Delaware’s Green for Green Home Rebate program (available to new home buyers only) provides between $1,000 and $4,500 for homes meeting minimum certification requirements. Also available to homeowners is the SEU’s Home Performance with ENERGY STAR rebate program which amounts to 50% off (maxing you at $200) energy saving items audited by approved contractors. Loans are also available (from $1,000 to $15,000) through the ENERGY STAR program with eligible items including clothes washers, dishwashers, refrigerators, lighting, furnaces, air conditioners, insulation, and windows. Visit DsireUSA to find out about all available Delaware incentives.

Federal Tax Incentives

On a national level, federal tax incentives are also available for commercial and residential solar panels DE. A 30 % federal investment tax credit (ITC) which covers photovoltaic, heating and cooling, and concentrating technologies is in place through 2016. The Energy Policy Act of 2005 originally instated this tax credit. The Solar ITC was extended through 2006 by the Tax Relief and Health Care Act of 2006, and then further extended by the Emergency Economic Stabilization Act of 2008.

Filing for these federal tax credits is simple and can be included with your yearly tax return once you buy solar panels Delaware.

Help For All Delaware Residents

123SolarPower is your destination for solar panels for sale Delaware. Our partners carry the most advanced equipment in the industry and the best solar panels prices Delaware. Installing solar panels at your home can provide a variety of benefits. To receive a free estimate on installation costs, and learn more about the savings available to you specifically please fill out the above form for our experts. Every solar panel DE that you install on your house can make you save hundreds of dollars a year on your electricity. Feel free to check our savings calculator and find your potential savings today! If you prefer to speak with one of our solar power experts call us at: 800-294-2397 Feel free to check our savings calculator and find your potential savings today!.

Frequently Asked Questions

When making any modifications to the home, questions always arise. In order to discern whether adding solar panels is a good idea for a given home, having answers to the most frequently asked questions can help. These answers can not only help a homeowner decide whether or not to install solar panels on their home, but they may also help to alleviate some fears and/or concerns that homeowners have about solar power.

Will solar panels benefit my home if I do not have constant access to the sun?

It is a myth that only sunny places like California and Hawaii can benefit from the installation of solar panels. While solar panels do generate more power in areas that have more access to the sun, there are solar panels that are capable of capitalizing on diffused solar rays. These are the kind of solar rays that fall on overcast days.

What incentives are available to me?

There are many incentives in place to help convince homeowners to install solar panels. For example there are tax credits at both the state and federal levels. While the tax credit value varies by state, to the credit ranges to upwards of 25% on installation up to $1,000. Furthermore, most solar power devices are sales tax exempt. The federal tax credit is 30% on installation with no limit. For more information about tax incentives in your state, call 800-294-2397 to speak with a solar consultant.

What is the difference between on the grid and off the grid?

On the grid refers to one still being attached to the electric grid and essentially creates a solar/electric hybrid system. Off the grid refers to relying solely on solar power as the home is completely disconnected from any electric grid.

While solar panels may be expensive to install, the long-term savings (both personally and as a member of society) really outweigh the upfront costs. Moreover, the tax breaks available (through 2016) can also help to recoup some of the costs.

Adding solar panels to your home can benefit you in many ways—including tax credits and a decrease in your electric bill. For more information, please complete the online form or call 800-294-2397.

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