Since solar panels can provide clean electricity for decades, many governments and utility companies have incentive programs to encourage their use. These incentives can be classified into many types, but they have a common goal: improving the financial returns for solar panel owners.
Some incentives offer upfront benefits, while others provide ongoing rewards based on the performance of your solar panels.
Here we will review the main types of solar incentives offered by governments and electric utility companies. Keep in mind that incentives change depending on where you live and finding a place with all types available is unlikely.
That said, solar panels have become more affordable in recent years, and they make sense economically even before applying incentives. In other words, solar incentives improve an investment that is already viable on its own.