Benefits of Going Solar in Georgia:
Reduce Electricity Bills: Solar panels can generate electricity for your home, which can reduce your reliance on the grid and lower your monthly electricity bills.
Environmentally Friendly: Solar energy is a clean and renewable source of energy, which reduces your carbon footprint and helps to protect the environment.
Increase Property Value: A solar energy system can increase the value of your home and make it more attractive to potential buyers.
Energy Independence: Solar panels can provide energy independence and security during power outages or emergencies.
Low Maintenance Costs: Solar panels require little maintenance and can last for decades, which can save you money on repair and replacement costs over the long-term.
Top Net Metering Policies in Georgia: Net metering is available to Georgia Power customers who generate electricity using solar panels or other renewable sources. Under the state's net metering policy, homeowners can receive credits on their utility bills for any excess electricity their solar panels generate. These credits can be used to offset the cost of electricity when the sun isn't shining. Georgia Power customers can also participate in a program that allows them to sell any excess electricity back to the utility company at the avoided cost rate. This rate is calculated based on the cost of electricity that Georgia Power would have had to generate or purchase to meet its customers' needs. Overall, these net metering policies can help homeowners save money on their electricity bills and make solar energy a more attractive option in Georgia.
Georgia offers several rebates and incentives to encourage homeowners to invest in solar panel installations. Here are some of the most notable:
Federal Tax Credit: Homeowners who install solar panels can claim a federal tax credit equal to 30% of the total installation cost. This credit is available through the end of 2033.
Georgia Solar Tax Credit: Homeowners who install solar panels can claim a state tax credit equal to 5% of the total installation cost, up to a maximum of $5,000. This credit is available through 2023.
Sales Tax Exemption: Solar energy systems are exempt from Georgia's state sales tax, which can significantly reduce the upfront cost of installation.
Property Tax Exemption: Solar panel installations are exempt from property taxes in Georgia, which can help reduce the long-term costs of owning a solar energy system.
Utility Rebates: Some Georgia utility companies offer rebates or other financial incentives to customers who install solar panels. These incentives can vary by utility company, so it's important to check with your local utility to see what programs are available.