Idaho in Solar Energy is a great idea. By installing a solar energy system on your roof, the amount of electricity flowing from the power company is no longer going to be needed. Solar power in Idaho can offset your electric bill and go solar for less than you think!
Thanks to state solar rebates, now you can go solar for as little as 3 cents per kWh. Idaho Solar rebates are attractive because it is a state program and not a federal one.
These incentives include the solar incentive payers bill rebate, net-metering rebates and tax credits. The net-metering rebates and tax credits makes sense to solar in Idaho and are included in this article.
Why going solar in Idaho is a good idea?
Idaho is growing , and the solar industry is growing. Idaho has over 2,100 megawatts of installed solar power capacity, which is the fourth largest in the country.
Installing solar panels also creates jobs. Solar provides direct and economic benefits through rebates and tax credits. Investment into projects create more high-tech jobs in Idaho as well as pay for itself through electricity savings and tax credits.
Solar energy also only produces power during the day, which means that an equal amount of power is available at night.
Also, Idaho is a great location for solar installations because of the low cost of electricity. Despite being a cloudy state, Idaho is an area that has high potential for solar installations due to being sunny during most of the day.
Of course, Idaho is also a state that is ideal for living and going green. The cost of living in Idaho is much lower than many other US states; this means that it makes sense to go solar because you can save on energy bills while still enjoying the benefits of living in a greener state.
Thanks to state and federal solar rebates, now you can go solar for as little as 3 cents per kWh. The Idaho Solar rebates are attractive because it is a state program and not a federal one. The incentives that they offer include the solar incentive payers bill rebate, net-metering rebates and tax credits.
The Net Metering Rebate Program (NMRP) provides residential customers in Idaho with solar projects up to $4,000 with no upfront cost for installation. The NMRP is a payback system that pays customers for all the clean energy they put into the grid through your solar system over a 12-month period.
Under the NMRP program, customers with solar electric systems installed at 7 kW or less will receive $0.02 per kWh produced during the first year of ownership, $0.01 per kWh produced during the second year, and will continue to receive $0.005 per kWh for every unit produced throughout the third year and all subsequent years until the system reaches its end of life, at which point an additional $0.005 per kWh will be granted for maintenance and repairs. The maximum rebate is $4,000/kW.
The NMRP also provides a payment of $0.05 per kWh produced during electric utility service interruptions. This payment is available up to one week of aggregate losses during each 12-month period with a cap of $25,000/kW.
The State of Idaho solar incentives
The Idaho State Solar Program provides a solar system rebate program to encourage businesses, nonprofits, schools and homeowners to put cleaner, safer solar energy into the grid
The Idaho State Solar Program is designed to provide an attractive financial incentive for installing solar on commercial and residential buildings. The State SSP program is designed to provide rebates and incentives on a first-come, first-served basis. The program is funded by the State of Idaho and administered by the Idaho Public Utilities Commission.
There is a federal solar tax credit too. The Federal Solar Tax Credit allows you to deduct 30% of installation costs, but only if your property serves a primary residence and you’ve been in your home for at least 5 years. If you are interested in installing solar panels, it can be worth considering these incentives because they will help to lower the overall cost of your investment.
Solar increase your home value
Another benefit of installing a solar energy system, is that it will increase your home value.
Yes, the return on investment for going solar in Idaho can be very high; particularly if you install the system before putting your house on the market. Over and above simply gaining a credit against your electricity bills, it is also an asset to add to the overall value of your home. This is known as „Energy Appreciation“.
Significant increases in property values are a result of consumers looking at Energy Appreciation. Many people are moving to Idaho because of their love for the area. And you can make a profit by adding value to your home, but you should consider that solar is not a cheap investment and you should expect to see an increase in your home’s value as well.
By going solar you can save money
With the Idaho Solar program, you can save money on your electric bill!
The average cost of electricity in Idaho is 10.22 cents per kWh.
By installing solar energy for your home or commercial building, you will be reducing demand for resources which helps to keep rates lower. These can make a significant difference to people over a number of years.
Solar is a renewable resource, and pays for itself over the years. You will save money by not contributing to your electric bills! It’s one way to be certain that you are protecting the environment.
Unlike other states in which you have to wait for a state tax credit, Idaho offers its new customers a $300 rebate.
Another reason why is a great idea of going solar in Idaho is that you will be able to reduce your carbon footprint. The more solar energy that is produced, the more oil and coal are not burned.
Solar energy also has no emissions, unlike other forms of power production, so you can be sure that it is clean and green.
Solar installations in Idaho are supported by a 25-year Power Purchase Agreement with a national solar company.
Idaho solar tax credit 2021
If you are residential or commercial property owner or manager, you may be eligible for a tax credit to install Solar Electric Systems up to $25,000.
According to the Idaho Department of Energy:
“The new program is structured like other solar tax credits that help reduce the selling price of solar electric system on your property. The program will also provide income tax credits such as a Federal tax credit, state income tax credit, and local property taxes.
Goin solar in Idaho is a no-brainer
Going Solar in Idaho is a no-brainer. It’s a great tax credit program, the state has some of the highest solar insolation in the nation, it is desirable to go solar because it is cost effective and environmentally friendly, and we love that Idaho has some of the lowest electric rates in the country.
When you decide to go solar in Idaho you can easily apply for up to $10 million worth of federal tax credits! And with the right incentives in place, solar energy can be very attractive.
Solar is a renewable resource, and will last for years. When you install it into your home or business, you will be reducing energy demand and helping to keep energy rates lower.
When installed correctly, solar panels do not diminish the value of your home or business. You can actually increase the value of your property by adding solar panels! In fact, many homeowners are able to sell their homes for more money if they have a solar system installed.
Cost of solar in Idaho
The cost of installing solar panels in Idaho is competitive compared to other states. Here, you can save up to 30% on your electric bill. The Idaho state tax credit means that you can receive up to $10 million in federal tax credits.
How much do you pay for electricity?
On average, people living in the Boise metropolitan area pay around 10.22 cents per kilowatt hour (kWh) for electricity. For comparison purposes, the national average is 12.42 cents per kWh. This means that people living in Boise are charging less, and saving money on their electricity bills.
Idaho Solar companies
There are many solar companies in Idaho and many jumping to the bandwagon, but Smart Energy is the best solar company in idaho . We are a solar company that offers solar systems with all the latest technology and equipment, for optimal energy production.
We are a full service company who does everything from design to installation, to maintenance and repairs. Our experts will sit down with you and discuss your home’s energy needs, local incentives that may be available, and possible alternatives to improve insulation or install a more efficient heating system. From there we will provide you with a detailed plan that includes all costs so there are no surprises at the end of our services.
How to get started in Solar?
It is very simple to get started in Idaho. First, you need to find an installer that you can trust. Then, do your research and look at reviews of the companies that you are interested in.
It is important to make the right choice when you make an investment like this, and while it can be tempting to go with the first company that tries to sell you solar panels, you should choose a company that offers high quality products and great customer service.
Get a free solar quote
You can also get a free solar quote from Smart Energy USA. Our smart phone app can send you a free quote for your home and business, so you know exactly how much money you will be saving by going solar! You can choose to have your system installed on weekends so that the work is done right and no delays are encountered.
If you are considering going solar in Idaho, you might have some questions about whether it makes sense.
The answer to that question is a resounding “yes”! Idaho’s solar tax credit is one of the best in the nation, benefiting even those who have very little of their own roof space suitable for solar panels. In addition to the federal tax credits, there are also state and local incentives available to make solar an even more attractive option.
If you are considering installing solar panels in your home or office, you might be asking yourself the question: “Is Idaho good for solar energy?”
It’s a great place! Idaho has some of the best insolation in the nation, and is also one of the few states that has long-lasting insolation.
If you don’t owe taxes, but want to go solar in Idaho, you can still take advantage of the credits. The federal government allows you to roll over the credits to reduce your taxes in future years.
If you are thinking about installing solar panels in your home or business, you might be wondering if it is a smart choice right now.
You can write off up to $30,000 in tax credits for the installation of solar panels on your property.