Solar panels are not cheap, but a solar rebate can help you get them for less. Depending on your state and the size of your solar panel project, you may be able to receive a solar rebate that reduces the cost of installation. 

These rebates are often available through utility companies or state green programs that support renewable energy. Many of these programs have set a cap on how much they’re willing to rebate, so check out these tips before you start shopping for solar panels.

Research rebate programs before you install

Before you start shopping for solar panels, you should research rebate programs in your area. Some utility companies offer solar rebates as a way to make renewable energy more accessible. Most state governments also offer rebates for solar panels. 

These programs often have set caps on how much they’re willing to rebate. In many cases, you’ll need to apply for a solar rebate before the panels are installed. Keep in mind that rebates aren’t always the best option for your situation. 

They often require an upfront investment that you won’t recoup until years later. If you’re trying to save money on installation, rebates may not be the best option for you.

Find out if you qualify for a Solar Rebate

You need to make sure that you qualify for a solar rebate. In some cases, you may need to meet certain homeowners association requirements before you qualify for a solar rebate. 

Other utility companies may require you to have a certain amount of energy usage before they’re willing to offer a solar rebate. Some rebates also have a cap on how inexpensive panels can be before they’re not eligible. 

You can apply for rebates through your utility company or through state green programs. You can also talk to local solar contractors to see if they offer any special deals.

Shop around for the best rebate offer

Once you find out which utility companies or state green programs offer rebates, shop around for the best offer. You may find that some utility companies are willing to offer more for your project than others. 

Some state green programs may have more funding available than others. You can talk to different utility companies and state programs to see what they’re willing to offer. You can also talk to local contractors to see if they can help you comparison shop for rebates.

Ask about hidden fees

Some rebates require you to use a specific contractor to install your solar panels. If you choose to go with a contractor recommended by the utility company or state program, you should ask about hidden fees. 

In many cases, these utility companies will give you an estimate for installation costs when you apply for a rebate. You should also ask solar contractors for an estimate before you sign a contract. Make sure you understand all the fees associated with your installation before you sign a contract.

Don’t forget about Tax Benefits

After you install solar panels, you can also claim tax benefits. You may be able to get a solar tax credit that reduces the amount of money you owe in taxes. You may also be able to deduct the installation costs from your taxes. 

In some cases, you may be able to get an accelerated tax payment that knocks a few hundred dollars off your tax bill. Before you sign a contract for solar panels, find out what tax benefits you’re eligible for.

Bottom line

Solar panels are a great way to save money on your energy costs, but they’re not cheap. Getting a rebate on solar energy in NSW can help you get panels for less than the retail price, but you need to act quickly. If you want to install solar panels, start researching rebates as soon as possible. It’s important to shop around for the best offer before you commit to a solar panel installation.