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Lower your electric bill, increase your property value, reduce your tax liability, and help the environment.
North Dakota offers net metering; good news for all those who are ready to make the switch to renewable energy! Net metering is a convenient system that helps solar owners offset the cost of the power that they draw from the utility. How? When your system produces more renewable energy that you use, that excess is sold to the grid. Solar owners will then see a credit on their power bill.
Pay no state sales tax in North Dakota on the purchase of an installed solar energy system.
The value of your home in North Dakota will not be reassessed after the addition of a solar system. You keep paying property tax based on your home’s value before the system was added.
As it currently stands, the solar Investment Tax Credit allows solar owners to deduct 26 percent of the system’s cost from their Federal income taxes! This does only apply to those who own their renewable energy system, so be sure to factor that into your solar panel lease versus purchase decision-making process.
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