Let's Go Solar
in Rexburg Idaho

Going solar in Rexburg, Idaho has several benefits, including saving money on electric bills and being more eco-friendly. Solar power takes the Sun's energy and converts it into electricity that you can use. Solar power systems in Rexburg, Idaho can charge various devices, including computers and cell phones. Many solar companies in Rexburg, Idaho, can tell you they have options to meet any budget. Most installations are eligible for a 30% tax credit, which can save you up to $20,000 over the system's life.

Additionally, the State of Idaho offers great incentives to install solar panels in your home, including the Residential Alternative Tax Deduction. This allows you to deduct 40% of the installation and equipment costs of solar panels from your income tax. Furthermore, installing solar panels will reduce your dependence on fossil fuels, meaning you’ll contribute less to air and water pollution and reduce your contribution to global warming. The average solar panel system size in Rexburg is around 7.6 kilowatts, meaning a cost of about $13,759 for a solar installation, or $19,675 before the 30% federal solar tax credit is applied. Solar panels pay themselves off more quickly and provide more energy savings in areas where electricity rates are high, or energy needs are well above average. Since neither of these criteria applies to Idaho, solar is less valuable in the Gem State than in most other areas. However, going solar is almost always a great financial decision in Idaho, with the average system paying for itself in around 14 years and providing close to $11,500, on average, in energy savings after that.

According to the search results, the average cost of solar panel installation in Rexburg, Idaho, is around $13,759 for a solar installation, or $19,675 before the 30% federal solar tax credit is applied. The cost of installing a solar system in Rexburg can vary by more than $10,000 from home to home, depending on several factors such as system size, equipment choices, financing options, and the solar installer you choose. The average solar panel system size in Rexburg is around 7.6 kilowatts, meaning a cost of about $13,759 for a solar installation. However, this cost can drop dramatically (by thousands of dollars) with federal and state tax incentives or credits. These incentives and credits are a great reason to consider installing solar panels in your home or business seriously. The State of Idaho offers great incentives to install solar panels in your home, including the Residential Alternative Tax Deduction. This allows you to deduct 40% of solar panel installation and equipment costs from your income tax.

Yes, solar panels are worth it in Idaho, but the payback period may be longer than in other states due to the low cost of electricity in Idaho. The average cost of solar panel installation in Rexburg, Idaho is around $13,759 for a solar installation, or $19,675 before the 30% federal solar tax credit is applied. However, this cost can drop dramatically (by thousands of dollars) with federal and state tax incentives or credits. These incentives and credits are a great reason to consider installing solar panels in your home or business seriously. The State of Idaho offers great incentives to install solar panels in your home, including the Residential Alternative Tax Deduction. This allows you to deduct 40% of the installation and equipment costs of solar panels from your income tax.

Additionally, the average Idahoan spends around $95.04 monthly on their energy bills, so annual savings could be as high as $1,140 after going solar. Once your solar power system pays for itself in energy savings, it’s expected to save an additional $11,478 in Idaho, on average. Furthermore, installing solar panels will reduce your dependence on fossil fuels, meaning you’ll contribute less to air and water pollution and reduce your contribution to global warming.

Yes, there are solar incentives available for Rexburg, Idaho. The State of Idaho offers great incentives to install solar panels in your home, including the Residential Alternative Tax Deduction. This allows you to deduct 40% of the installation and equipment costs of solar panels from your personal income tax. Additionally, you can deduct 20% of the cost for three years after the installment. This deduction maxes out at $5,000/year and $20,000 total. There are also federal tax credits available for those who purchase a solar panel system outright, either with a cash purchase or a solar loan. The Federal Solar Tax Credit allows you to get a discount of 30% applied to your tax returns. If you purchase $20,000 worth of solar panels, you can get a credit for $6,000 on your next tax return. This credit can be claimed when you file your yearly federal tax return. The only requirement is that you own the panels that you have installed instead of leasing or renting them. The credit also can roll over to future years if you do not have enough tax liability to claim the entire amount in one year. Additionally, there are net metering rebates and low-interest state energy loans available in Idaho.