Montana

Montana Solar Incentives and Rebates

Montana is a state with abundant natural resources, including sunshine. As a result, there are several solar incentives and rebates available to residents and businesses who are considering going solar. These incentives can help offset the cost of solar installation and make it more affordable for people to make the switch to clean energy.

The Federal Investment Tax Credit in Montana

One of the main incentives available to those who install solar in Montana is the Federal Investment Tax Credit (ITC). This credit allows homeowners and businesses to claim a 22% credit on their federal taxes for the cost of installing solar. This can be a significant savings, especially for those who have a large solar installation.

State-Level Tax Incentives in Montana

Despite the availability of the Federal ITC, Montana does not currently offer any state-level incentives for solar. The state-level incentives were discontinued in 2021 and can be found here https://deq.mt.gov/energy/Programs/renewable

State-Wide Solar Initiatives in Montana

There are several state-wide solar initiatives in Montana that can help those who are interested in solar. One such initiative is the Renewable Energy Systems Exception, which allows for a Modified Accelerated Cost Recovery System (MACRS) for solar installations. This system allows for accelerated depreciation of solar assets, which can help businesses and individuals save money on taxes.

State-Wide Tax Exemptions in Montana

Another state-wide incentive in Montana is the tax exemptions for solar. Solar installations are fully exempt from state property taxes for 10 years and can be a significant savings for those who have larger solar systems installed at their residence or business.

Solar Easements in Montana

In addition to these incentives, there are also state-specific laws in Montana regarding Solar Easements. These laws, such as MCA 75-26-301, allow for the creation of solar easements, which protect the right to sunlight for solar installations. Information on Solar Easements in Montana can be found at https://leg.mt.gov/bills/mca/title_0750/chapter_0260/part_0030/section_0010/0750-0260-0030-0010.html

Net Metering in Montana

The power generated by solar panels in Montana can also be credited to the homeowner or business through net metering. This means that any excess power generated by the solar installation can be sent back to the grid and credited to the utility account holder. Net metering can help offset any power used during times when the solar installation is not producing enough power, such as at night.

Benefits of going solar in Montana

Going solar in Montana can bring many benefits to homeowners and businesses, including reduced electricity bills, increased property value, improved home resale value, and tax incentives. These benefits help make it more affordable for people to make the switch to clean energy.

Conclusion

In conclusion, while Montana does not currently offer any state-level incentives for solar, there are still several state-wide solar initiatives available that can help those who are interested in solar, such as The Federal Investment Tax Credit, Renewable Energy Systems Exception, state-wide tax exemptions and state-specific laws on Solar Easements. Going solar in Montana can bring many benefits to homeowners and businesses, including reduced electricity bills, increased property value, improved home resale value, and tax incentives.

FAQs

Yes, solar is a viable option in Montana. The state has a long history of solar power use and has some of the most generous incentives and rebates available to homeowners and businesses.

The cost of solar in Montana depends on the size of the system, the type of solar panels used, and the incentives offered by the state. On average, a 5kW system could cost around $12,000 after incentives and rebates.

Incentives for solar in Montana include the Montana Renewable Energy Production Tax Credit, the Business Equipment Tax Credit, and the Solar Investment Tax Credit.

Solar in Montana offers many benefits, such as lower energy bills, reduced dependence on fossil fuels, and the potential to make money from selling excess energy back to the grid.

Yes, solar maintenance is required in Montana for optimal performance. This includes regularly cleaning the panels, checking the connections and inverters, and inspecting the system for any damage. Find expert reviews of solar maintenance companies in your area at SolarEmpower.