Now that your project is complete, you are eligible for three separate (totally unrelated) solar incentives: Solar Renewable Energy Credits (SRECs), the 30% federal tax credit, and net metering through your utility company. Learn more about these important solar incentives below and click through for more information on our blog.

SRECs: These are your Solar Renewable Energy Credits, created as a result of your state's Renewable Standard Portfolio. You can sell these credits on the energy market, like commodities, through a broker. We are happy to assist you with registration with our vetted brokers. In Virginia, we offer registration assistance with SunTribe or SRECTrade. In Maryland and DC, we offer registration assistance with SRECTrade. You can register yourself with the information provided in your documents section, or reach out to us at srecs@ipsunsolar.com and we can assist you! Want more information on SRECs? Visit our blog: What the heck is an SREC?

30% Federal Tax Credit: This is the Federal Investment Tax Credit recently extended by the Inflation Reduction Act. To claim your credit, all you'll need is your invoice and the IRS Form 5695. You'll find your invoice in the documents section and a link to the form in our blog post about the tax credit. Visit our blog here for more information about how to claim your tax credit: How Can I Claim the New 30% Solar Tax Credit?

Net metering: This is the dollar-for-dollar credit (totally separate from SRECs) that your utility company will give you on your bill if you produce more solar energy than you use in any given month. Your utility company has installed a net meter on your home, so you are already set up for net metering. No action is required on your part. You'll see the credits reflected on your utility bill when you earn them. To learn more, read our blog here-- the basics apply to any utility even though this post is focused on Dominon Energy: Net Metering in Virginia