The solar incentives available to you in 2024 will depend largely on which state you live in. However, all U.S. residents will have access to the federal solar investment tax credit (ITC), which is offered by the federal government. Thanks to the Inflation Reduction Act signed in 2022, the ITC credit rate for 2024 was pushed up from 22% to 30%.86
Several other perks are likely to be available to you, although actual eligibility will depend on your location. Many states have sales tax exemptions and property tax exemptions, which reduce your upfront and long-term costs of converting to solar energy.
Another common option throughout the U.S. is net metering, which credits you for overproduced energy and lets you use those credits to reduce your future electric bills. Again, not all states have access to this incentive, but it’s one of the more prominent perks in the country.
You can always check out our individual state incentive articles for more information on what perks you can take advantage of.