The subsidy is structured based on the size of the solar system installed, ensuring that benefits are fairly distributed. A 1 kW system qualifies for Rs. Any system installed after this year won't qualify for the discount that's helped millions of households cut thousands off their installation costs. If you invest in renewable energy for your home such as solar, wind, geothermal, fuel cells or battery storage technology, you may qualify for an annual residential clean energy tax credit. Using a sample address, take a look at the. A typical residential solar panel system costs $18,000 to $43,000, depending on what incentives you're eligible for, the size of your system and other factors. Solar tax credits have historically benefited higher-income homeowners. Subsidy per kW: You get a heavy discount for the first 2 kW of capacity, with a slightly lower rate applied to the third kilowatt.
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