The country’s power grid is rapidly aging and can’t keep up with our increasing demand for more electricity. 70% of power transformers and transmission lines are 25 years or older, and 60% of circuit breakers are 30 years or older, according to a report by the U.S. Department of Energy (DOE).1
In addition, the average monthly residential electricity bill in Delaware is almost 20% higher compared to other states.2 On the bright side, Delaware solar panel prices have dropped 34% in the last five years.3 So by teaming up with Sunrun, the nation’s largest residential solar, storage and energy services company,4 you can go solar and change the way you power your life. Going solar puts you in control of your home energy and drastically reduces your carbon emissions.
Delaware Solar Incentives, Rebates and Tax Credits
Solar Savings Types
Value of Savings
Delaware Solar Power Grants
Solar grants to offset the installed system cost(limited availability)
Sales Tax Exemption
No state sales tax
Federal Solar Tax Credit
30% of the final cost of the solar system
Solar Renewable Energy Certificates (SRECs)
Compensation per kilowatt-hour produced by the system
**Customer’s ability to monetize rebates, incentives and tax credits depends on several factors, including, without limitation, continued state subsidization of these policies, the applicable Sunrun product type, and whether a customer purchases or leases a solar system from Sunrun.
Control Your Electric Bills for Life While Building Home Equity
As a new home solar system owner, you’re eligible for Delaware solar tax credits. In 2019, you can get the 30% federal solar tax credit, which drops to 26% in 2020.5* And since the First State has no sales tax, your system will be 100% tax free.6
Also, with Delaware’s Solar Renewable Energy Certificate (SREC) Procurement Program, you can earn cash for every megawatt-hour your system generates. If selected, your SRECs may be worth up to $50.7 Meaning, if you install an average-sized 6-kilowatt system that produces 6 megawatt-hours per year, you could earn up to $300 annually by selling your SRECs.
In addition, Delaware’s Green Energy program offers limited grants to customers of the state’s major electric companies who choose to install a renewable energy system.8 If qualified, Delaware Electric Cooperative customers can get up to $2,500,9 Delmarva Power customers up to $3,00010 and Delaware Municipal Electric Corporation (DEMEC) customers living in Newark can receive up to $7,500 to offset the cost of their new system.11
State law mandates all Delaware electric companies to get 25% of their electricity from renewable sources by 2025.12 You can help the First State achieve its renewable portfolio standard goal by creating your own clean energy with a Delaware solar company like Sunrun.
But creating your own Delaware solar energy won’t just reduce your home’s carbon emissions. As a residential solar consumer, you could also earn credits for the electricity you add to the grid, thanks to Delaware’s net energy metering policy.13
Interested in learning more about our available solar options in Delaware? Take the first step by requesting a free, personalized solar quote to check if Sunrun is a good match for you. Together, we can ensure a cleaner and healthier environment for all Delaware residents.