Are there any incentives for solar energy installation?

Dominion North Carolina Power provides various incentives and programs that can encourage customers to consider solar energy installations. One of the most notable incentives is the availability of net metering. This program allows customers who install solar panels to receive credits for the excess electricity they generate and feed back into the grid. These credits can be utilized to reduce future electricity bills, making solar energy more financially appealing. In addition to net metering, Dominion NC offers a Green Power program. This initiative allows customers to support renewable energy projects by purchasing blocks of renewable energy certificates, further promoting the use of clean energy sources. Moreover, customers in North Carolina may also benefit from federal and state tax incentives. The federal Investment Tax Credit (ITC) allows individuals to deduct a significant percentage of the cost of installing a solar energy system from their federal taxes. North Carolina also has state tax incentives that can further reduce the financial burden of installing solar panels. It is essential to consider that solar energy incentives can vary based on regulatory changes, so keeping up with current information is advisable. Interested individuals should refer to the relevant sections of Dominion North Carolina Power's website for details on available incentives, as well as any updates on programs that may benefit them.