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SolarReviews | Alaska Solar Power Rebates and Incentives
Solar Power Rebates, Tax Credits and Solar Panel Incentives in Alaska; 2012 Update The Alaskan legislators have failed to fully support any wide ranging initiatives that are required to encourage the uptake of solar power. There are some incentives as follow. Federal Tax Credit The most significant financial incentive for your solar power system in Alaska is the same Federal Tax Credit that applies right across the USA. This gives you a credit on your Federal Tax bill equivalent to 30% of the cost of your solar system For more information on this visit out page "The 30% federal tax credit for residential solar power systems" Because this is a tax credit you get the benefit of this when you do your next federal tax return, rather than getting a cheque on the day of installation. Still, it has a real value if you are in a position where you are paying annual federal income tax equivalent to 30% or more of the value of your solar system. Alaskan State based Incentives and Programs While there are a couple of utilities offering incentives overall the Alaskan legislators don't seem very interested in generating solar power. The Golden Valley Electric Association is running its SNAP program or Sustainable Natural Alternative Power program. Customers of Golden Valley Electric Association are eligible for production incentives on solar power installations. System sizes are restricted to 25Kw or less and you must sell all power to the utility, customers are paid annually. The Power Project Loan Fund is a state based incentive that covers solar power installations as well as some other green options. Loan amounts are determined by available funds, and at the time of writing this it is unclear what funds if any are still available. The best thing to do is to contact your three local installers by getting your no obligation free quotes Alaskan Solar Incentives and investment case: Summary April 2012 Well you would think that in a vast state like Alaska the legislature would be more supportive of getting the required incentives and programs in place. The numbers are not great for the potential solar investors out there, there is a long way to go for Alaskan solar power supporters. The good news for those Alaskans that want to get going with solar power is that you do have some local businesses that know the ropes in your corner of the world, so get some quotes from the locals that know.