The Complete Guide to Alaska Solar Incentives
Considering solar panels in Alaska? With over 80+ days of sunshine during the summer months, many home & business owners have harnessed the power of the sun with solar panels in Alaska.
In this article we'll delve into the top solar incentives & local programs available to Alaska home & business owners.
Read on to learn more or enter your zip code below to see exactly which solar incentives & programs your home qualifies for!
What Are Alaska Solar Incentives?
Alaska solar incentives are financial programs and policies designed to encourage the adoption of solar energy systems in the state. These incentives provide various benefits to homeowners considering solar panels. These incentives can significantly reduce the upfront costs of installing solar panels, making them more affordable and financially attractive for homeowners in Alaska. Some homes even qualify for free solar panel installation in Alaska! By taking advantage of these incentives, homeowners can accelerate their return on investment, save money on energy bills, and contribute to a cleaner and more sustainable environment.
Federal Solar Investment Tax Credit (ITC)
The Federal Solar Investment Tax Credit (ITC), also known as the Green Energy Tax Credit, is one of the top solar incentives available in the State of Alaska. Homeowners that qualify for the Solar ITC can take advantage of a tax credit of 30% of the cost of their solar energy system. This can add up to huge savings for solar owners. The Federal ITC is set to expire in 2035, so act now to take advantage of these solar savings while you can!
Solar Net Energy Metering (NEM)
Alaska's net metering policy allows homeowners with solar energy systems to receive credits for any excess electricity they generate. When a solar system produces more energy than is consumed on-site, the surplus is fed back into the grid, and homeowners receive credits for that excess energy. These credits can be used to offset future electricity consumption when the solar system isn't producing enough. Net metering enables homeowners to effectively reduce their energy bills and maximize the value of their solar investment. It promotes the adoption of renewable energy by providing a financial incentive and encouraging the growth of a cleaner and more sustainable energy grid in Alaska.
Property Tax Exemptions for Solar
The property tax exemption in Alaska for solar panels reduces the property tax burden on homeowners with solar energy systems. It excludes the added value of the solar panels from the assessed value for property tax purposes. This incentive aims to encourage the adoption of solar energy by alleviating the financial impact on homeowners. By exempting the added value of solar panels, it helps lower the overall cost of owning a solar system. The specifics of the exemption may vary among municipalities, so homeowners should consult local tax authorities for eligibility and requirements.
Enter your zip code to see which AK Solar Incentives you qualify for!
Do I Qualify?
Please enter a zip code
Local Alaska Solar Programs
Alaska is dedicated to supporting individuals and businesses in their transition to solar energy, offering a range of local programs and initiatives. With its vast landscapes and commitment to renewable energy, Alaska provides an ideal environment for harnessing the power of the sun. Here are a few of the local solar programs available in Alaska.
The USDA Rural Energy for America Program (REAP)
The USDA Rural Energy for America Program (REAP) is a federal initiative that provides grants and loan guarantees to support renewable energy projects in rural areas of the United States, including Alaska. REAP aims to help agricultural producers and rural small businesses adopt renewable energy systems, such as solar panels. The program offers financial assistance for the installation, improvement, and feasibility study of renewable energy systems. Eligible applicants can receive grants covering a portion of the project costs or loan guarantees to secure financing for renewable energy projects. REAP serves as a valuable resource for rural communities in Alaska, promoting sustainable energy practices and reducing reliance on fossil fuels.
The Alaska Solar Energy Rebate Program
The Alaska Solar Energy Rebate Program is a state-level initiative that offers cash incentives to homeowners in Alaska who install qualifying solar photovoltaic (PV) systems. The program aims to promote the adoption of solar energy and reduce reliance on traditional electricity sources. Homeowners can receive rebates based on the size and performance of their solar systems. The rebate helps offset the upfront costs associated with installing solar panels, making them more affordable and financially attractive for Alaskan homeowners. By participating in the Alaska Solar Energy Rebate Program, residents can take a significant step towards achieving energy independence and contributing to a cleaner and more sustainable environment.
Enter your zip code below to see which Alaska Solar Programs you qualify for!
Do I Qualify?
Please enter a zip code
Going Solar in Alaska
With more than 80+ days of sunshine during the summer months, more and more people are embracing the power of the sun in Alaska and making the switch to solar energy. Alaskans are turning to solar energy as a solution to rising energy costs and a desire to live more sustainably.
Start the switch to solar today and explore all of your solar options with a Solar Savings Quote from EcoGen America, Alaska's top rated solar energy company.
Make the switch to solar and start saving!
Contact our team of local solar advisors and see how much you can save on your electricity bill.
- You may be eligible for FREE Installation
- All quotes are 100% free with no obligation.
Want to see how much you could save with solar in Alaska?
Use our Free Solar Savings Calculator to see your potential savings by switching to solar.