What are the best solar incentives in Georgia to save big on solar energy?
What are the best solar incentives in Georgia to save big on solar energy?
Blog Article
Are you considering solar panels in Georgia but worried about the cost? Good news—there are fantastic solar incentives in Georgia that can make switching to clean energy more affordable than ever. The top incentive? A generous federal tax credit that significantly reduces the cost of installing solar power Georgia systems.
Residential Clean Energy Tax Credit
The biggest savings opportunity for Get instant estimate solar energy Georgia homeowners is the Residential Clean Energy Credit, formerly known as the federal investment tax credit (ITC). This credit allows you to deduct 30% of your total solar panel system cost, including equipment, labor, permitting, and even sales tax. To qualify, you must purchase your system outright or finance it with a solar loan. Unfortunately, if you lease your system, you won’t be eligible for the credit. Additionally, the credit can roll over to future tax years if you don’t have enough tax liability in the current year.
Is Net Metering Available in Georgia?
Though full net metering Georgia is no longer mandated, Georgia Power and some smaller utilities offer net billing. Under this program, homeowners can receive about 3.7 cents per kWh for excess energy sent back to the grid. However, since net billing credits are calculated instantly, storing your power in a solar battery can maximize savings.
Are There Energy Storage Incentives?
Georgia does not have state-specific incentives for batteries, but all storage systems above 3 kWh qualify for the 30% federal tax credit. Given the state's time-of-use electricity pricing, a solar battery can help you store excess power and use it during peak pricing hours to save even more on your energy bills.
If you’re ready to take advantage of Georgia solar incentives, Solar SME is here to help! As a trusted solar panel installation Georgia company, we provide affordable solar and backup solutions tailored to your needs. Contact us today to start your journey toward energy independence!
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