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The Federal Investment Tax Credit (ITC) is available to Alaska homeowners who purchase their solar panel system outright. This credit currently amounts to 26% of your solar system’s cost. In 2023, the tax credits for installations will drop to 22%. Just another reason why it makes sense to go solar today.
Net metering is a framework of laws and guidelines by which residential producers of their own electricity can sell their excess power to the grid. In the form of credits on the power bill, the utility company pays the homeowner for this power. The homeowner draws power when he needs it, sells excess power that he doesn’t need, and pays only for the difference, or “net.” Net metering is a terrific incentive, and it’s great that Alaska offers it.
The state of Alaska offers limited power performance payments, which are payments based on the measured kilowatt-hours generated by a renewable energy system.
When someone adds a solar energy system to their home, their property value is known to rise. But because Alaskans enjoy a solar property tax exemption, their property tax will stay the same. They keep paying the same tax as before the system.
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