Tennessee Solar Incentives 2024

Tennessee EnergyRight Solutions Program

The first incentive that is available to residents of Tennessee is the EnergyRight Solutions program. This program is run by the Tennessee Valley Authority (TVA) and offers a variety of incentives to help residents and businesses reduce their energy consumption and costs. One of the incentives that is available through this program is the solar hot water heater rebate. This rebate is available to residents and businesses that install a solar hot water heater on their property. The amount of the rebate will depend on the size of the system and the type of system that is installed.

TN Solar Power Rebate Incentive

Another incentive that is available to residents and businesses in Tennessee is the solar power rebate. This rebate is also available through the EnergyRight Solutions program and is designed to help residents and businesses offset the costs of installing a solar power system on their property. The amount of the rebate will depend on the size of the system and the type of system that is installed.

Solar Investment Tax Credit (ITC)

In addition to the EnergyRight Solutions program, there are also several other incentives available to residents and businesses in Tennessee that are looking to install solar panels on their property. One of these incentives is the federal solar tax credit. This credit is available to residents and businesses that install solar panels on their property and is equal to 30% of the cost of the system. This credit can be used to offset the costs of the installation and can be claimed on your federal tax return.

State Solar Sales Tax Exemption

Another incentive that is available to residents and businesses in Tennessee is the state sales tax exemption. This exemption is available to residents and businesses that purchase solar panels and related equipment for use on their property. This exemption can be used to offset the costs of the purchase and can be claimed on your state sales tax return.

Other Local Rebates & Incentives In Tennessee

Finally, there are several utility companies in Tennessee that offer rebates and incentives to residents and businesses that install solar panels on their property. These rebates and incentives can be used to offset the costs of the installation and can be claimed on your utility bill.

Get Started With Solar Energy In Tennessee Today!

In conclusion, Tennessee is a state that is committed to renewable energy and offers a variety of incentives to residents and businesses that are looking to install solar panels on their property. These incentives include the EnergyRight Solutions program, the federal solar tax credit, the state sales tax exemption, and utility company rebates and incentives. These incentives can help offset the costs of the installation and make it more affordable for residents and businesses to switch to renewable energy. If you are considering installing solar panels on your property in Tennessee, be sure to research all of the incentives that are available to you.