How to Maximize Savings with Delaware’s Solar Incentives (2025)
Delaware Solar Savings Guide
Investing in solar energy in Delaware can lead to substantial savings, thanks to various federal and state incentives. Here’s a comprehensive guide to the key programs available:
1. Federal Solar Tax Credit (30%)
Purpose: Provides substantial tax relief for solar installations.
Benefit: The Federal Government offers a tax credit that covers 30% of a solar system’s overall cost. The credit is a dollar-for-dollar credit against your personal income taxes. The entire amount can be claimed in one year and it will come back on the following tax return.
2. Delaware Green Energy Program Grants
Purpose: Offers rebates to lower the upfront cost of solar installations.
Benefit: Varies by utility provider: Delmarva Power Customers: $0.70 per watt, up to $6,000. Delaware Electric Cooperative (DEC) Customers: $0.35 per watt for the first 5 kW, then $0.20 per watt thereafter, up to $2,000.
3. Solar Renewable Energy Certificates (SRECs)
Purpose: Provides an additional revenue stream for solar system owners.
Benefit: Homeowners earn SRECs for each megawatt-hour (MWh) produced and can sell them to utilities.
4. Net Metering
Purpose: Offsets electricity costs for homeowners generating excess solar power.
Benefit: Utilities provide bill credits for surplus electricity sent to the grid, reducing future energy expenses.
5. Energize Delaware Programs
Purpose: Supports energy efficiency and renewable energy projects.
Benefit: Offers various incentives and rebates to reduce the cost of solar installations.
6. Property Tax Exemption
Purpose: Prevents an increase in property taxes due to solar installation.
Benefit: The added home value from solar panels will not increase property tax assessments.
7. Sales Tax Exemption
Purpose: Lowers the upfront cost of solar equipment.
Benefit: Delaware waives sales tax on solar panels and related components.
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