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The electric company may pay you between USD0. This amount varies depending on factors such as your system's size, the number of people selling the energy, and where you live. Solar energy has been ranked as one of the cheapest sources of energy. Combined with declining equipment costs, New York State tax credits, and Inflation Reduction Act tax credits for commercial solar, going solar. . The ITC — also known as the Federal Solar Tax Credit — is a popular tax rebate program offered by the US Federal Government for homeowners looking to switch to clean, renewable solar power. In August of 2022, the United States Congress extended the ITC while at the same time raising the total. . Switch to solar with a system built for you. This energy can be used to generate electricity or be stored in batteries or thermal storage. Investing in solar panels. .