Have you ever purchased something at the store and mailed in a postcard to receive a cash rebate? If so, you know already know how a solar rebate works. Regardless of the company or government that is handling the rebate, the process is basically the same.
The Purpose of Solar Rebate Programs?
Many governments have to meet certain standards when it comes to green energy sources. Having solar rebate programs in place incentivize PV adoption, because it keeps the costs low for those that own a home or business.
When the incentives are used the right way, it can reduce your initial output for the cost of PV installation.
There are several solar incentives available to consumers, those that are offered by the state are the easiest to use. Depending on the installer, you might need to submit a paper form in order to receive the rebate. Other PV installers will add in the rebate amount to their quote and handle the paperwork on their end.
What is the Benefit of Offering a Solar Rebate?
There is great benefit to both the consumer, installers, and government regarding solar rebates. When a consumer can receive anywhere from 10%-20% off the price of their PV installation, it gives them the incentive to have the installation.
The installation company receives benefit, because they have jobs created for them. It is much easier to get customers when they know that their patrons will receive cash back that they do not have to cover.
Also, the government benefits from consumers choosing to have these installations made. This helps them meet the mandates placed on them.
Are There Disadvantages
There can be some disadvantages to solar rebates. One of the problems consumers face is that there are too many options which can confuse them. The other issue is that there could be a limited supply of rebates, meaning a consumer may miss out.