Delaware Discounts, Credits & Tubulars
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New Business Facility Corporate Income Credit: Program provides an as-of-right tax credit to businesses that create at least 5 jobs and makes a capital investment of at least $200,000 ($40,000 per employee). The minimum credit is equal to $500 per job and an additional $500 for every $100,000 in capital investment.
Low-Income Qualifying Applications Low-income qualified homes will receive a cost-free solar installation of up to 4.0 kW. Applicants must meet Weatherization Assistance program income eligibility guidelines. Total income is verified through a tax return.
About. Homeowners age 65 or over are eligible for a tax credit against regular school property taxes of 50 percent (up to $500).
Delaware does not have a state-specific solar tax credit, but Delawareans can use the federal solar tax credit worth 30% of the total installation cost.
This Bill enables the use of roof or ground mounted solar systems on privately owned residential dwellings by making covenants or other restrictions that effectively prohibit or unreasonably restrict the installation of solar photovoltaic systems in Delaware void and unenforceable, regardless of the date recorded.
Delmarva Power, DEMEC and Delaware Electric Cooperative all offer solar rebate programs. If you're lucky enough to be a Delmarva Power customer, you can qualify for a Green Energy Grant to go solar. The grant pays out $700 per kilowatt (kW), up to a maximum amount of $6,000 for your home solar installation!
The Delaware FirstTime Homebuyer Tax Credit (DE Tax Credit) provides a federal income tax credit up to $2,000 each and every year as long as the homebuyer occu pies the home and has a mortgage loan.
Homeowners who are eligible for the federal solar tax credit can reduce the effective cost of their solar energy system to around $17,157. In Delaware, solar panel systems are typically a good investment, with a payback period of around 11 years.