Data from Industry Leaders
Delaware de residents who switch to solar are eligible for these local, state and federal tax programs.
|Program Name||Program Type||Amount|
|Residential Renewable Energy Tax Credit||Tax Credit||30% before 2020 26% during 2020 22% during 2021|
|Residential Energy Conservation Subsidy Exclusion (Personal)||Tax Exemption||Full rebate amount excluded from taxable income|
|Delmarva Power - Green Energy Program Incentives||Rebate||$0.55/W for first 5 kW, $0.20/W up to 50 kW Leased/PPA systems: Flat incentive of $1,000 per project|
|Net Metering||Utility Credit||Excess generated power credits rolled over monthly May request a payment for unused NEG at the end of the annualized period at the supply service rate|
|Sustainable Electric Utility (SEU)- SREC Purchase Program||Renewable Energy Credit||Renewable Energy Credit|
The main cost of a solar system is the panels, which will vary depending on your power and roof needs. Newer ones are expected to last 25 years in good conditions. Inverters tend to cost around $500 and usually need to be replaced in 5-10 years, but this will depend on the inverter type. Other costs include frames to hold the panels, wiring, etc, and are relatively small.