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Solar energy is the most abundant source of energy available for mankind to use and presents several benefits to society and to our planet. With that, the solar PV systems:
Due to the fact the solar energy is a new technology, the United States government as well as of many other countries around the world are creating programs to incentivize the installation of solar systems.
These incentives can either bring the initial price of the equipments down (as rebate or tax credits) or provide a revenue stream over the first 10-20 years of the system operation (as Feed-in Tariff and Renewable Energy Credits) offered by some States.
Different types of financing options were created and are partially responsible for the growth of the solar industry as it reduces or eliminates the need of an initial investment to build the system. The main financing plans for solar projects are: