Solar Energy Incentives for Your Home
Explore current home solar incentives with Yes Solar, including federal clean energy tax credits, limited-time incentive programs, and more. Maximize your savings and reduce installation costs by leveraging these financial benefits to your advantage. Our expert team guides you through available incentives and will make your transition to solar simple.
30% Federal Clean Energy Tax Credit
The 30% tax credit was made available under the Inflation Reduction Act. For comprehensive information, the IRS offers detailed guidance on all aspects of the Residential Clean Energy Credit.
- 30% tax credit for a qualified home solar system, battery storage, and/or smart electrical panels.
- If the federal tax credit exceeds tax liability, the excess amount can be carried forward to the succeeding taxable year.
- Tax abatement: 100% of the appraised value of the home solar system is exempted from property tax.
The Duke Energy PowerPair ℠ Incentive Program
Duke Energy customers may be eligible for a limited-time, limited-capacity incentive program of up to $9,000 when installing a new solar system with battery storage.
The PowerPair℠ incentives will cover about 13% of the installed equipment cost, while the federal clean energy tax credit will cover an additional 30%.
However, to qualify for this incentive program, your new solar + storage system must be installed by a participating Duke Energy Trade Ally. Yes Solar Solutions is a proud partner.
Solar and Energy Loan Fund (SELF)
Yes Solar Solutions became the first solar installer in the Triangle region to be approved for the Solar and Energy Loan Fund (SELF). SELF is a mission-aligned green bank administered in collaboration with the NC Clean Energy Fund.
Green Banks are mission-driven institutions that use innovative financing to accelerate the transition to clean energy and resilience.
SELF does not look at credit score as the primary indicator for approving a borrower, but instead on the ability to repay along with a history of responsible loan repayments.
Power your home with solar.
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