Tuesday, October 4, 2011

Financial Incentives for Solar Electric Systems: Federal Tax Credits, Utility Rebates and More

By Dan Chiras
July 2011 Web

 Solar electric systems are a great source of clean, reliable electricity. Solar electricity can be stored in battery banks for use at night or on cloudy days. Or it can be “stored” on the electrical grid. Remember, even though initial costs may be high — from $5,000 to $40,000 or more, depending on the size and the type of system — the fuel (sunlight) is free, abundant, and clean, and it’s not under the control of some powerful multinational corporation. Financial incentives discussed (see below) and good net metering laws help make this venture more cost-effective, too.

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