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  • 2. Incentives and Rebates Many governments offer tax credits, rebates, or other incentives that can significantly reduce the overall cost. For example, in the United States, the Federal Solar Investment Tax Credit (ITC) allows homeowners to deduct a percentage of the installation cost from their federal taxes.
  • Besides the many environmental and public health benefits of solar power, it can also lead to various cost savings and financial benefits for homeowners. These include:

  • Investing in solar technology can also spur innovation within a business. The integration of renewable energy sources encourages companies to rethink their operational processes and seek further efficiencies. This innovative spirit can lead to the development of new products, services, or business models that align with sustainable practices.