Georgia supports solar energy by offering rebates.
Today, California represents 85% of the US solar energy market, because the state gave generous rebates to residents who installed solar energy to produce electricity or heat water. As residents continue to install solar energy systems the level of the rebate diminishes, the tides are turning now, more states are creating their own incentives to urge their own residents to install solar energy systems.
Georgia, is a state using California’s successful rebate program as an example and approved a state rebate program last month for corporations and individuals that decide to install a solar electric or solar water heating systems. The state rebates Georgia will off to its residents take effect July 1st 2008 and will continue until the year 2012.
This is great news that states are leading the way to provide rebates to support the growth of solar energy….it is so important for states to continue to provide rebates and incentives for their residents to consider renewable energy. As we move forward I feel that more states will open up rebate programs and California will no longer be the “holly grail” of the solar energy market in the USA.
According to DSIRE.com (a database of tax credits and incentives for renewable energy and energy efficency. They summarize the Georgia state rebate program quite well,
In May 2008, Georgia enacted legislation establishing personal and corporate tax credits for renewable energy equipment and certain energy-efficient equipment installed and placed into service. For renewable energy property used for any purpose other than single-family residential purposes, the tax credit is equal to 35% of the cost of the system (including installation), $0.60/square foot for lighting retrofit projects, and $1.80/square foot for energy-efficient products installed during construction. The credit is subject to various ceilings depending on the type of renewable-energy system or project. The following credit limits for various technologies apply:
- A maximum of $100,000 per installation for domestic solar water heating
- A maximum of $500,000 per installation for photovoltaics (PV), solar thermal electric applications, active space heating, biomass equipment and wind energy systems
- A maximum of $100,000 per installation for Energy Star-certified geothermal heat pumps
- A maximum of $100,000 for lighting retrofit projects
- A maximum of $100,000 for energy-efficient products installed during construction.
For more information on the rebate program in Georgia, please follow the link below: