Solar Power Incentives

Apr 04 2013

Many electric utility companies are beginning to offer incentives to consumers who want to convert their traditional electrical panels into those that run off solar energy. Not only are the demands for solar energy increasing, the practicality of endorsing an environmentally friendly, long-sustaining energy resource is something the public is embracing.

This is ultimately a win-win situation for both the consumer and utility companies. When utility companies have consumers that pursue other natural energy resource avenues, it helps contain the growing need for power. This enables utility companies to essentially purchase the additional solar power from consumers, allowing them to restrain costs and not build substantial new power plant systems.

Every U.S. state has different financial incentives for solar energy. Some states offer federal, state, utility, local and non-profit options, including those involving personal tax, corporate tax, sales tax, property tax, rebates, grants, loans, industry support, bonds and performance-based incentives. For example, California offers incentives for state property tax, state rebates, utility rebates, local rebates, state loans, utility loans, local loans, state industry support, state performance-based incentives, utility performance-based incentives and local performance-based incentives.

Additionally, the Interstate Renewable Energy Council (IREC) is a non-profit corporation that works with government, industries, stakeholders and educators to help teach people about solar energy. Their input has helped shape regulations and rules about alternative energy resources in more than 40 states.

The Solar Electric Power Association (SEPA) is also a non-profit organization. They work with more than 1,000 utility companies and businesses nationwide to help provide information about the solar market, solar technology information and utility counseling. Their unbiased support is the foundation for many utility companies’ education and further exploration into offering solar energy credits to consumers.

SolarBOS supports harnessing environmentally friendly solar energy. They offer a number of products that help consumers create homes that efficiently run off solar energy – albeit it those that run in grid-tied or off-grid systems.

SolarBOS offers source circuit combiners, disconnect combiners, contactor combiners, current monitoring combiners, multi-combiners, standard fuse boxes, non-load-break fuse boxes, load-break fuse boxes, standard recombiners, disconnect recombiners, contactor recombiners, contactor enclosures, non-load-break disconnect enclosures, load-break disconnect enclosures, gateway boxes, power supply assemblies, compact combiners, compact fuse box, compact junction box and string checkers. They provide a wealth of product literature, warranty information and manuals.