LIFE IS PEACHY WITH SOLAR
Why go solar in Georgia
Many Georgians go solar everyday, partially because they like the freedom it gives, and partially because of the potential savings. Of course many homeowners are also trying to do something for the environment. The state actually has 312,450 homes on solar power as of 2020*, and the number keeps growing!
Solar incentives in Georgia*
Georgia is one of the few states that allow Renewable Energy Credits (RECs) programs that allow you to sell excess energy back to participating utilities. Jackson EMC offers a one-time rebate of $450 per kilowatt of DC, up to $4,500 for eligible customers. If you are a customer of Jackson EMC or Georgia Power, you are eligible for net metering, a policy that compensates you for excess electricity produced by your solar system at the same rate that you are charged for electricity. Importantly, Georgia Power’s net metering is capped at 5,000 households or 32 Megawatts of power, whichever comes first. After the net metering cap is reached, new solar customers will only be compensated at Georgia Power’s export rate, which is just $0.03 per kilowatt-hour.
Georgia homeowners are also eligible for the Solar Investment Tax Credit (ITC).*** The ITC allows you to deduct 26 percent of the cost of installing a solar energy system from your federal taxes.
Solar panels perform in all kinds of weather
Going solar is a big decision, and although there are many factors you should consider, local weather shouldn’t be a deterrent. Solar panels are designed to work in almost any type of weather… even snow and clouds!
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*This information is current as of May 5, 2021 and figures are approximate. Customers are encouraged to check with their local utility providers for the most up to date and accurate information.
**We advise you to consult with the appropriate professionals (including, but not limited to, your solicitor or attorney, accountant, CPA, CGA, or any other financial or legal advisor) for the implications of any information contained in our website and in any link you access through our website.
***You should contact a qualified tax expert and consult with them. Neither Freedom Forever’s family of independent authorized dealers nor Freedom Forever itself can give you tax advice. A qualified tax professional will understand your situation and be able to give you the most relevant advice.