What is Delaware Green Energy Program?
What is Delaware Green Energy Program?
Blog Article
Delaware is one of the smaller states in the U.S., but its commitment to clean energy is nothing short of significant. For homeowners looking to switch to solar, Delaware offers a range of solar incentives and rebate programs that make going green both affordable and accessible. With the federal solar tax credit, state rebates, and local green energy programs, residents can substantially offset the upfront costs of solar installation.
In this article, we'll explore the various Delaware solar incentives and green energy grant programs, including options available through utilities like Delmarva Power and the Delaware Electric Cooperative.
The Delaware Green Energy Program
Established in 1999, the Delaware Green Energy Program began with Delmarva Power as its primary utility. The program has since expanded to include several utilities, helping Delawareans switch to renewable energy through a variety of rebates and incentives. The program is funded through a small surcharge on electric bills for participating customers, with the funds going toward renewable energy projects, including solar.
Delaware Solar Rebates: What’s Available?
The Green Energy Fund is the backbone of Delaware’s solar rebate program, and it offers financial assistance to homeowners who install solar systems. Each utility involved in the program has different rebate structures:
• Delmarva Power Green Energy Fund: This offers up to $6,000 in rebates for installing residential solar systems. The rebate applies to various renewable energy systems, including solar photovoltaic (PV) panels, solar water heating, geothermal systems, and wind turbines.
• Delaware Electric Cooperative (DEC) Green Energy Program: This program offers a rebate of $0.50 per watt for the first 5kW of installed solar and $0.20 per watt beyond that. The total incentive is capped based on system size and utility demand.
Delmarva Solar Incentives: Making Solar More Accessible
If you're a Delmarva Power customer, you qualify for some of the most attractive incentives in the state. The Delmarva Green Energy Fund not only covers solar PV systems but also geothermal heat pumps and solar water heaters. Residential customers can receive rebates as high as $6,000, depending on the type and size of the system. This fund has supported over 4,300 renewable energy installations in Delaware.
Delaware Electric Cooperative Solar Program
Under DEC's green energy program, both residential and non-residential customers can take advantage of financial incentives. However, the amount varies depending on whether the customer is classified as a Class A or Class B member-owner based on their energy consumption. The program also covers solar PV systems, wind turbines, and geothermal systems, making it a versatile option for those looking to reduce their reliance on the grid.
Delaware Municipal Electric Corporation Green Energy Fund
For residents served by municipal utilities, the Delaware Municipal Electric Corporation (DEMEC) offers its own version of the Green Energy Fund. Each of the nine participating municipalities, including cities like Newark, Dover, green energy incentives and Milford, manages its own rebate program, with incentives tailored to local needs. The rebates can be applied to solar installations and other forms of renewable energy, helping homeowners cut down on installation costs while promoting a greener future.
Energize Delaware Residential Solar Loan Program
In addition to rebates, Delaware also offers low-interest loans through the Energize Delaware Residential Solar Loan Program. With interest rates as low as 3.9%, homeowners can finance their solar installation while enjoying lower utility bills. The loan covers up to 70% of the installation cost, making it easier for Delawareans to afford solar without breaking the bank.
Why Now is the Best Time to Go Solar in Delaware
With the combination of federal tax credits, Delaware solar incentives, and programs like the Green Energy Fund, there’s never been a better time to go solar. The state’s commitment to renewable energy, coupled with financial incentives, ensures that homeowners can make the switch to clean energy without hefty upfront costs.
So, if you're in Delaware and still haven’t switched to solar, now is the time to take advantage of the available green energy incentives. Installing solar panels not only helps the environment but also offers long-term savings on your electricity bills. With generous rebates, affordable financing, and state support, going solar in Delaware has never been more appealing.
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