Benefits of Going Solar:
Reduced Energy Costs: By generating your own electricity from solar panels, you can significantly reduce your energy costs and save money on your monthly utility bills.
Environmental Benefits: Solar energy is a clean and renewable energy source that produces no harmful emissions, reducing your carbon footprint and helping to combat climate change.
Increased Property Value: Installing solar panels on your home can increase its overall value, making it more attractive to potential buyers.
Energy Independence: By generating your own electricity, you become less reliant on traditional utility companies and more self-sufficient.
Tax Credits and Rebates: Delaware offers several incentives and rebates to help offset the upfront costs of installing a solar panel system, making it more affordable for homeowners.
Top Utilities Net Metering Policies in Delaware:
Delmarva Power: Delmarva Power offers net metering to customers who install solar panels up to 25 kW in size. Any excess electricity produced by the solar panels is credited to the customer's account at the retail rate.
Delaware Electric Cooperative: Delaware Electric Cooperative offers net metering to customers who install solar panels up to 25 kW in size. Any excess electricity produced by the solar panels is credited to the customer's account at the retail rate.
Municipal Electric Corporation of Delaware (MIDEL): MIDEL offers net metering to customers who install solar panels up to 25 kW in size. Any excess electricity produced by the solar panels is credited to the customer's account at the retail rate.
Similar to other states, the availability of net metering policies may vary by utility company and there may be certain restrictions or requirements for eligibility. However, overall, net metering policies in Delaware make it possible for homeowners to generate their own electricity from solar panels and receive credit for any excess electricity they produce. Additionally, Delaware offers several incentives and rebates to help make solar panel installations more affordable for homeowners, including the federal solar tax credit, the Delaware Green Energy Program, and local rebates and incentives offered by utility companies.
Delaware offers several rebates and incentives to help homeowners go solar. Here are some of the most notable programs:
Delaware Green Energy Program: The Delaware Green Energy Program offers grants for renewable energy projects, including solar panel installations. The grant provides up to 50% of the total project cost, up to a maximum of $50,000.
Federal Tax Credit: Homeowners who install solar panels can claim a federal tax credit of 30% of the total cost of the installation. This credit applies to both residential and commercial installations.
Solar Renewable Energy Credits (SRECs): Delaware participates in the Regional Greenhouse Gas Initiative, which allows homeowners who generate renewable energy to earn SRECs. Homeowners can sell these SRECs to utilities and other entities, providing an additional source of income.
Net Metering: Delaware offers net metering to homeowners who install solar panels. Any excess electricity generated by the solar panels is credited to the homeowner's account at the retail rate, reducing their monthly utility bills.
Property Tax Exemption: Delaware law allows homeowners who install solar panels to exempt the added value of the solar panels from their property taxes for up to 20 years.