The Department of Energy (DOE) operates the greatest number of efficiency and renewable energy incentive programs, including RDD&D grants and contracts, weatherization assistance, production incentives, loan guarantees, and technology transfers. Government subsidies for solar energy are a game-changer when it comes to getting homeowners on board with renewable energy sources. These financial incentives—think tax credits, grants, and rebates—are all about making it easier for you to install solar panels, which can help you save on those. The Solar Energy Technologies Office (SETO) does not provide financial assistance to companies or individuals to install solar systems. The United States, under the Biden-Harris climate bill, the Inflation Reduction Act, is expected to spend $421 billion between. The most common solar tax incentive is called the Investment Tax Credit (ITC). 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. Any system installed after this year won't qualify for the discount that's helped millions of households cut thousands off their installation costs. WASHINGTON (June 28, 2023) – Today, the U. Environmental Protection Agency (EPA) launched a $7 billion grant competition through President Biden's Investing in America agenda to increase access to affordable, resilient, and clean solar energy for millions of low-income households.