Renewable Energy Incentives: Part Three

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Solar energy is a great way to save on your electricity bill.

Renewable Energy Incentives

Buying a renewable energy system is more affordable than ever thanks to rebates and tax breaks from state governments and local utilities, and even some rebates from private companies spending on where you live, renewable energy subsidies can reduce the cost of a wind- or solar-powered system by more than half of the total expense. In Rhode Island, for example, residents can receive a rebate of $5 a watt for up to 50 percent of the cost of a photovoltaic (PV) system. In other states, such as New Jersey, rebates of up to 70 percent of system costs are available

This article is the last in a three-part series summarizing some of the best subsidies in 17 states for installation of wind, solar water-heating and PV systems. Part I, in the December/January 2005 issue, covered Arizona, California, Idaho, Montana, Oregon and Washington. Part II, in the February/March issue, covered Illinois, Minnesota, Texas and Wisconsin. Incentives are available in other states, but these renewable energy programs stand out in a growing crowd.

As natural gas and oil prices rise and electric grid problems mount, an increasing number of cities and states are setting ambitious targets for boosting renewable energy production. New programs continue to pop up across the nation — visit here to learn more about the offers summarized in this article, or for programs in your area. Other good sources of information are your local utility company and state energy office

Delaware

  • Published on Apr 1, 2005
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