government subsidized
That doesn't tell you enough?
>government subsidized
That doesn't tell you enough?
I just recently looked into this too. I think the federal government will give something like 20% back in the form of tax credits, from the cost of the solar panels. I don't think there is a limit to income or the cost, but obviously you need to pay taxes to get any benefit from the credit.
The other typical source is from your utility company. In many states, the power company is required to get so much % of their power from "green" sources, whatever that means. If they don't do get enough, they'll be fined. So they have to purchase essentially carbon credits that are created (this is purely on paper), when someone installs a solar panel or other green system.
So the power company will set a standard amount to buy those credits, based on how much the fine is, and how many people they think will install solar panels in a given period of time. But if they bought enough, they might not give you anything. In some states I think you can directly sell those credits in an auction, but I'm not clear how that works.
Bottom line is that it's not very transparent, and the solar company can't promise you'll get compensated for sure since there are other factors out of their control.
I just recently looked into this too. I think the federal government will give something like 20% back in the form of tax credits, from the cost of the solar panels. I don't think there is a limit to income or the cost, but obviously you need to pay taxes to get any benefit from the credit.
The other typical source is from your utility company. In many states, the power company is required to get so much % of their power from "green" sources, whatever that means. If they don't do get enough, they'll be fined. So they have to purchase essentially carbon credits that are created (this is purely on paper), when someone installs a solar panel or other green system.
So the power company will set a standard amount to buy those credits, based on how much the fine is, and how many people they think will install solar panels in a given period of time. But if they bought enough, they might not give you anything. In some states I think you can directly sell those credits in an auction, but I'm not clear how that works.
Bottom line is that it's not very transparent, and the solar company can't promise you'll get compensated for sure since there are other factors out of their control.
Recently, power companies in Florida have been charging a minimum connection fee to solar customers, even though with their solar generation they feed back into the grid their bill should have been close to zero. Read the fine print from your electrical supplier. But even then they can change the rules when ever they want more money.
Recently, power companies in Florida have been charging a minimum connection fee to solar customers, even though with their solar generation they feed back into the grid their bill should have been close to zero. Read the fine print from your electrical supplier. But even then they can change the rules when ever they want more money.
You don't pay nothing. They install the panels and bill you for the solar electricity. The rates are just a little lower than your utility. They're called PPAs.
You don't pay nothing. They install the panels and bill you for the solar electricity. The rates are just a little lower than your utility. They're called PPAs.
26% Federal tax credit on system install for 2022 then it drops next year to 23%. Unfortunately in Florida they just passed a bill that will be phasing out your ability to sell excess power back to the utility company. This kinda killed it for me.
https://www.google.com/search?client=firefox-b-1-d&q=federal+solar+tax+credit
26% Federal tax credit on system install for 2022 then it drops next year to 23%. Unfortunately in Florida they just passed a bill that will be phasing out your ability to sell excess power back to the utility company. This kinda killed it for me.
https://www.google.com/search?client=firefox-b-1-d&q=federal+solar+tax+credit
That's not what OP is talking about. The deal where you pay nothing is a PPA. The solar company installs the system at no charge to you. They get the tax credit and sell you the electricity. You still have a power bill, just not from your utility.
That's not what OP is talking about. The deal where you pay nothing is a PPA. The solar company installs the system at no charge to you. They get the tax credit and sell you the electricity. You still have a power bill, just not from your utility.
Ur mum
Ur mum
Think about the Vax scam a little, you have a product you can convince people to "buy" for their own good and the good of the people around them, then better yet you dont even need them to "buy" it if Tax payer money buys it for them.
Think about the Vax scam a little, you have a product you can convince people to "buy" for their own good and the good of the people around them, then better yet you dont even need them to "buy" it if Tax payer money buys it for them.
It's a foot in the door for sales. There are also government tax incentives that will most likely go directly to them.
It's a foot in the door for sales. There are also government tax incentives that will most likely go directly to them.
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