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Federal incentives are similar in that they vary by the type of energy. In either case, business owners can claim the improvement over three years.
The program was set to expire at the end of ; however, it was extended via the Consolidated Appropriations Act. Unused energy is fed back into the grid causing the meter to run backwards.
During times when your solar array is not producing energy at night, for example , you draw electricity from the grid. In some scenarios, companies may even receive cash back.
SRECs accumulate over time and work like airline miles. You have options for how you want to sell your SRECs — at energy auctions, open markets, or annual contracts, and your solar provider can make those arrangements for you. It is simple and valuable! Combined with competitive financing, SRECs, and government incentives, getting on board with free electricity is a win-win-win situation.