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Are Solar Panels Worth it in Delaware?

Updated April 12, 2024

Is Solar Worth It In De

Is solar worth it in Delaware? This is a question that more and more home and business owners are asking, especially as the cost of solar power continues to fall.

More than 4% of all electricity produced in Delaware comes from solar panels. And as we drive around New Castle County, we can see all of the homes and businesses installing solar panels. But are solar panels really worth it in Delaware?

In this overview, we will explore the pros and cons of solar power in Delaware to see if solar is right for you.

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Is Solar Worth It In Delaware?

On average, there are over 250+ sunny days per year in Delaware. If you've spent some time on Rehoboth or Bethany Beach, you have felt the power of the sun! In fact, over 20,000+ homes in Delaware use solar panels for their home's energy. In large part because solar panels work extremely well in Delawares climate. Even during the winter months, Delaware receives plenty of sunlight to make solar panels effective.

Delaware officials and lawmakers have also realized the power of the Delaware sun. In recent years Delaware has adopted many financial incentives, discounts, rebates, and solar programs to subsidize the cost of solar panels in Delaware. Some of these Delaware solar incentives include a federal solar tax credit, solar renewable energy credits, and net metering programs. To see The Complete Guide To Delaware Solar Incentives, Tax Credits, and Rebates, read here.

One of the top benefits of solar energy is the positive impact it has on our environment and climate change. As a renewable source of energy, solar panels don't produce greenhouse gases or negatively harm our wildlife and ecosystems. This is a key reason so many Americans are choosing reenable clean energy systems and powering their homes and business with solar.

With plenty of sunlight in every season, Delaware solar panels being more affordable, and the positive environmental impact. Solar panels systems seem to be worth it in many situations. The real question is, are solar panels right for your situation. Lets further explore the pros and cons of solar panels in Delaware.

Financial Benefits of Solar Panels in Delaware

Solar is increasingly becoming a popular alternative energy solution, due in part to the financial and energy benefits it offers. One of the primary reasons why more people are choosing to go solar is because of these savings.

Aside from the monthly cost savings on your energy bill, Delaware residents can also sell back any unused power to their local utility provider. This "net metering" policy allows you to get credit for the electricity you produce, which can help you save even more.

There are few different ways to save money and increase your rate of return on your investment into solar energy. The average solar payback period in Delaware is 10-12 years, but has been done in less. Here are few of the top financial benefits of solar panel systems in Delaware.

Calculate Your Solar Energy Savings

Inflation has effected us in many ways and the rise in energy costs is certainly part of that. We have seen electric bills reach $200 & $300 dollars for some families as they work to heat and cool their homes across Delaware & tri-state area.

Solar Panels can significantly reduce monthly energy costs and protect against inflation. There are some solar energy programs that even let you pay a fixed rate for energy such as Power Purchase Agreements.

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Delaware Solar Incentives

As we mentioned above, Delaware has rolled out many financial incentives to help make commercial and residential solar installations more affordable. Here is a short overview of the top Delaware solar incentives

  • Sales Tax Exemption: Delaware is one of the few states in America that does not have a sales tax. This included the purchase of solar panels, solar panel installation, and solar batteries. An instant 4% - 7% savings compared to neighboring states.
  • Federal Solar Tax Credit: The Solar Investment Tax Credit (ITC) also known as the Green Energy Tax Credit is one of the largest tax advantages of solar panels and is available in Delaware. This clean energy tax incentive gives you up to a 30% tax credit on the cost of your solar system.
  • Net Metering Programs: Net Energy Metering (NEM) programs are not available everywhere, but are available in Delaware. With these programs you can sell your excess solar energy back to the Delaware power grid for solar renewable energy credits (SRECs). You can uses the SRECS to further reduce any monthly energy costs or sell them for a profit.
  • Solar Rebates: Unlike most states, Delaware electric companies have done a great job incentivizing solar energy. Solar companies & electric companies have created solar rebates for there customers and residents of Delaware.

Related: Delaware Solar Incentives, Tax Credits, & Rebates

Find out if you qualify for solar savings programs!

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Environmental Benefits Of Solar Energy ????

Solar energy is not only a great way to reduce your electricity costs, but it also a great energy choice for the future. With climate change and ozone layer concerns, we are all looking for ways to leave a better planet for our children. Solar energy is one way to help with this.

When you install solar panels, you will be reducing your reliance on fossil fuels and aiding in the reduction of greenhouse gas emissions. Because solar energy is a sustainable source of energy, it produces no pollutants like as coal or natural gas.

The Cost of Solar Panels in Delaware

The cost of solar panels has reduced significantly in recent years. And thanks to Delaware solar incentives, it is now more affordable than ever to go solar.

In Delaware, the average cost of installing a solar panel system is between $10,000-$12,000 without solar incentives applied. However, this investment can be recouped over time through savings on your energy bills.

Each solar panel system is unique to the property. To get a full understanding of how much solar might cost in your situation, read our full guide of The Cost of Solar Panels In Delaware. Or get a customized solar estimate for free, powered by EcoGen America.

Related: The Cost of Solar Panels In Delaware

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Author & Solar Energy Expert

James Kahle, a revered voice in the energy domain, enlightens homeowners about the benefits of solar. Catch James soaking up the sun while playing basketball or immersed in the pages of a book.

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