Rebate Incentives for adding Solar

• Residential Solar Hot Water Incentives:

  • The Federal "Business Energy Tax Credit" is a 30% tax credit for solar investments.

  • Progress Energy's "EnergyWise" Program rebates $450.

  • OUC's "Pilot Solar" Program pays a monthly "production credit".

  • Orange County's "Solar Hot Water Incentive Program" rebates $200.

• Residential Solar Electric Incentives:

  • The Federal "Residential Energy Tax Credit" is a 30% tax credit for solar investments.

• Commercial Solar Electric Incentives:

  • The Federal "Business Energy Tax Credit" is a 30% tax credit for solar investments.

  • Under MACRS, Solar property can be fully depreciated in 5 years.

• Commercial Solar Hot Water Incentives:

  • The Federal "Business Energy Tax Credit" is a 30% tax credit for solar investments.

  • Under MACRS, Solar property can be fully depreciated in 5 years.