Solar power in the United States is a rapidly growing industry. With all the data swirling around about solar energy systems and solar incentives, it can be difficult for homeowners to sort through all of this information. While you may feel ready to invest in a solar energy system for your home, you may still feel overwhelmed and unsure about where to begin. SolarContact's simple, yet in-depth fact sheets for each state provide all the information you need to get started.
Read on to find more information on the latest trends in solar energy and how these trends are making a big difference in solar incentives across the country.
Solar Energy Installations in the U.S.
As of 2013, there are over 13,000 MW of cumulative solar electric capacity operating in the U.S. - enough to power over 2.2 million average American homes. There were also 140,000 new solar installations across the U.S. during 2013.
Federal Tax Credit
The Federal Tax Credit for solar energy is a nationwide tax credit designed to benefit homeowners. No matter the state or its policies, all homeowners across the country who buy a solar energy system can reap significant savings from this solar incentive.
Renewable Portfolio Standards (RPS) for Solar Power
Renewable portfolio standards (RPS) are policies designed to increase the generation of electricity from renewable resources. RPS programs vary widely by state. California, for example, supports one of the best in the country, requiring its electric utilities to derive 33% of their sales from renewable energy resources by 2020. A strong RPS in a state can lead to excellent solar incentives, which result in big savings for homeowners.
Net Metering for Excess Solar Energy
Net metering laws in each state are another fantastic way for homeowners to take advantage of all the benefits of solar energy systems. Net metering is a billing arrangement where homeowners can sell excess electricity back to their utility company.
Pennsylvania is currently among the leading states for net metering: the law in this state requires all investor-owned utilities to offer net metering to residential customers with solar power systems up to 50kw in capacity.
Check Out Our Solar Energy State Fact Sheets for More
To find out more information about all of these solar incentives and how they work in your home state, check out SolarContact's state fact sheets. These fact sheets will also provide all the information needed to find qualified solar installers once you decide to make the switch to solar energy.
Please choose a state for more information about solar power in your region.