Subsidy on Residential Solar

For residential solar, government subsidies typically cover 20-40% of installation costs, directly reducing upfront expenses for homeowners. Tax credits, like the Investment Tax Credit (ITC), offer additional financial relief, allowing for deductions on federal taxes, and net metering programs let homeowners earn bill credits by sending excess power back to the grid, potentially lowering annual energy costs by up to 75%. To qualify, homeowners usually need certified solar equipment and must meet local installation standards.