Unlock State-by-State Savings with Solar Panel Installation Rebates
The Financial Benefits of Going Solar
The financial benefits of solar panel installation extend beyond the initial rebates. Once installed, solar panels can significantly reduce or even eliminate electricity bills, depending on the size of the system and the household's energy consumption. Moreover, many states offer additional financial incentives such as net metering, which allows homeowners to sell excess electricity back to the grid, further enhancing savings.
According to the Solar Energy Industries Association, the average cost of solar panels has dropped by more than 70% over the past decade, making solar more affordable than ever before3. When combined with state rebates, the return on investment for solar installations can be substantial, often resulting in a payback period of just a few years.