Government funding for solar panels is becoming increasingly popular with people across the country who are interested in saving money. By having solar panels at your home you can make your own energy using free energy from the sun and receive paid for it too.
This means you no longer need to use up as much of the national electric grid’s power, which means significantly lower energy bills each month! As the saying goes, “A penny saved is a penny earned.”
The first place you should check out when considering government funding for solar panel installation is the government. Depending on where you live, there may be several different government agencies that offer various financial incentives for homeowners to install solar electricity equipment. Find out what your local agencies have to offer and then check out their websites for the best financing options. Many government offices offer free consultations, so take advantage of this to find out how you can qualify for these generous programs.
Some local areas offer rebates in addition to government funding for solar panel installation. Speak to your local power company to see if they offer any sort of rebates on energy efficiency rebates. For instance, some companies will give you rebates for upgrading your appliances, such as modern washers and dryers, and even for installing energy efficient windows. Another way to get rebates is through the manufacturers of those items. Many major manufacturers offer some sort of rebate program, whether through their own website or in a catalog.
Improving your energy efficiency
There are also quite a few programs that offer money to help offset the cost of solar panel installations. Contact your local government agencies and see if you can find out if there are specific funds that are available to help with improving your energy efficiency. You may be able to find a matching program from your electric company that you can apply for, too. If you don’t have an electric provider, your city may have a list of suppliers who want to work with you to reduce your carbon footprint.
Private foundations have been identified as one of the best sources of funding for solar panels for many years. Donations from both local and national sources are common. Check your local area foundation to see what funds they may have available for your purposes outside of just funding your installations. Keep in mind that there are typically several requirements that must be met before your foundation will make a contribution. Make sure that you read and understand these requirements before you send off your project. Most often it’s simply a matter of filling out an application form.
What if I don’t qualify for either of these government programs?
Even if you think you will be eligible for some sort of federal funding, you may still not qualify for state funding. In many states, non-profit organizations that help low-income families with energy efficiency in the home are not eligible for government grants to pay for installing solar pv panels on homes. These groups have a different set of criteria for who they provide their grant money to, so it’s best to check with them instead of relying on guesswork. While it may be possible to get approved for both federal and state funds, chances are that your installation will be slower to receive than if you were able to get a loan from either your electric company or your city.
Is it wise to obtain private funding instead of using government funding for solar panels? One of the main arguments you will hear against using private investors for your high-cost electricity bills is that most consumers would understand that their costs are higher when these companies invest their profits in other projects.