Want to lead Delaware's transition to solar energy?
Our homeowners think Delaware is great and we agree. Where else are you a quick skip and a jump from our Nation's Capital, Dewey Beach, more chicken farms than one knows what to do with and all that the Slower Lower has to offer? Furthermore, Delaware has made clear its intention to help its residents take advantage of the many benefits going solar has to offer. Acting as one of the most progressive states in the nation, Delaware has set its Renewable Portfolio Standard to 25%, thus declaring it's committed to ensuring at least 25% of Delaware's power is generated from renewable energy sources by 2026.
Given the federal tax credit equal to 30% of the system cost, Delaware-specific incentives (see FAQs below), and the fact that Delaware has the 15th most expensive electricity in the country, going solar in Delaware is a like a nicely lofted touchdown pass from Joe Flacco leading the Fightin' Blue Hens to victory.
Home Solar in Delaware Is More Affordable than Ever Before
- Federal Tax credit may be available
- Performance Based Incentives ("PBIs")
- Sell Your Extra Production with Net Metering
How Going Solar in Delaware Works
Step 1: Sign up online
Step 2: Talk to a solar specialist
Step 3: Check out your custom design
Step 4: Relax during installation
Step 5: Watch your savings grow
The potential savings from going solar in Delaware are very real. Aside from saving money on your monthly electric bill, there are other key incentives that help solar ownership in Delaware make sense: 1) the 30% federal tax credit 2) utility-specific rebate (for Delmarva customers), and 3) net metering.
First, the federal government offers a 30% Incentive Tax Credit (ITC) which is available in all 50 states*. This credit, which is equal to 30% of your system cost, is applied to the federal taxes you owe each year, thereby lowering the net cost of your solar system. The ITC is a great benefit of going solar: money that you would otherwise pay in taxes can now be used to own your solar system sooner. It is important to note that you can only reap the benefits of the federal ITC if you own your system directly - it is not available to homeowners who opt for a third-party ownership model, such as a Solar Lease or Power Purchase Agreement. With the Dividend Finance EmpowerLoan, you own your system and you get all of the economic benefits of going solar in Delaware.
Secondly, Delaware customers offer a generous rebate through the Green Grant Delaware Program. This means that in addition to saving money on a monthly basis and recouping the federal tax credit, you can receive a discount on the purchase price of your system.
Finally, like many other states, Delaware utilities have Net Metering policies which allow homeowners to be credited for extra energy fed back to the power grid. If designed optimally, a homeowner can expect to offset 100% of their current electricity use while also having some left over to sell back to the grid.
*Dividend Finance does not provide tax or legal advice. Please consult your tax advisor for more information.
Your utility bill can drop significantly when you begin to generate your own power with a solar system. How much you can save will depend on the size of your system, your electricity usage, your current utility rates, and other factors, but one thing is for certain: Dividend Finance can help you go solar for Dividend Finance will not finance a solar project unless it will save you money down today. Our team and partners can design a system for you using some of the industry's most accurate remote assessment and design tools and can present you with a system customized specifically for your home to give you a sense of your expected solar savings.
Working with the best solar installers in Delaware, Dividend Finance offers our customers a better, simpler way to go solar and save money on your utility bills.