The state continues to offer the popular rebate program, though funds are limited. The program offers homeowners up to $5,000 for a solar energy system, with an additional $2,500 for battery systems paired with a new solar electric system. The incentive calculations are as follows:
(1) Low- or moderate- income residential rebate rate: $1.80 per watt DC of installed capacity, up to 60 percent of the net cost or $5,000, whichever is less.
(2) Residential rebate rate for customers eligible for an electric utility incentive and not low- or moderate-income: $0.20 per watt DC of installed capacity, up to 40% of the net cost or $5,000, whichever is less.
(3) Residential rebate rate for customers not eligible for a utility incentive and not low- or moderate-income: $0.50 per watt DC of installed capacity, up to 40% of the net cost or $5,000, whichever is less.
Additionally, non-profit or state agencies that qualify as a “low-income service providers” are eligible for the following incentive:
(4) Low-income service provider rebate rate: $0.75 per watt DC of installed capacity, up to 50% of the net cost or $30,000, whichever is less.
As of January 10th, 2024, approximately 10% of the funding is still available. Contact AES today, and we will reserve your incentive for you!