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What incentives are available for solar energy adoption?
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Incentives for solar energy adoption include federal and state tax credits, rebates, and grants. The U.S. federal investment tax credit (ITC) allows homeowners and businesses to deduct a portion of the installation cost from their taxes. State and local governments, as well as utility companies, often offer additional incentives to reduce costs. Net metering policies provide financial benefits for excess energy generation. These incentives significantly lower the upfront costs and improve the return on investment for solar energy systems.