What Are the Financial Benefits? When you put a solar energy system on your property, you save money on your electric bills while also protecting yourself against future increases in electricity costs. The amount of money you may save depends on utility rates and solar incentives in your region, but going solar is always a great option. What Solar Energy Rebates Are Available? Depending on where you reside, solar subsidies and incentives may differ. The most significant is the federal investment tax credit (ITC), which allows you to deduct 26% of the cost of your solar energy system from your taxes. Some states provide additional tax credits, and certain cities and utilities offer cash refunds or other benefits. Will I Still Receive an Electric Bill? If you have a solar energy system with battery storage, you will still get a bill from your utility even if you are completely off the grid. However, by installing a solar panel system that matches your consumption, you may significantly c...