Solar pv grants are a fantastic addition to any home, slashing energy bills and providing a long term investment that’s good for the environment. But the up front cost can be a hurdle for some, especially those on low incomes. Fortunately, there are a number of solar pv grants that can help make going green more affordable for those who can’t afford to pay the full price up front.
A solar grant is a funding program that offers financial assistance to homeowners or businesses interested in installing a solar power system by providing either cash back, rebates, or lower-interest loans. Typically, these grants are offered by both the federal government and local governments.
Solar PV Grants: Empowering Homeowners and Businesses to Go Green
There are also a variety of other incentives available to help make solar more affordable for those with low incomes. For example, the DAC-SASH program in Oregon subsidizes the installation of residential rooftop solar systems for families with an income at or below 80% of the area median income (AMI). Additionally, most states offer net metering which allows owners to profit from their electricity by selling it back into the grid.
Finally, some state and local governments provide performance-based incentives such as solar feed-in tariffs. These allow solar energy system owners to profit from their electricity production by receiving a per-kilowatt hour credit on their utility bill for any excess electricity they create but don’t use.