NNCLG / RR – Solar incentives hits $5,168… But for how long?
Did you know that the government incentive to install solar goes up and down depending on how many people are installing?
When there are a lot of people installing solar, the incentive drops. When there are few, it rises.
Currently, households that install solar are eligible to receive up to $5,168* off the up-front price of the system. This is close to the highest amount it can possibly go by law.
There are no guarantees it will stay this way for long.
Just a few years ago, a huge surge in solar installations caused the value of the solar incentive to drop to less than half of the current price.
With massive coverage in the media recently about batteries and Tesla’s Powerwall, there has been renewed public interest in solar. As this continues, more pressure will be placed on the market to drop the price of the incentive.