Quick Answer
Yes, there are financial incentives for using tracking solar technology, including increased energy production and potential rebates or tax credits from government and utility companies.
Tracking Technology Benefits
Tracking solar technology allows panels to follow the sun’s movement, resulting in up to 45% more energy production per year compared to fixed-mounted panels. This increase in energy output can lead to higher returns on investment and faster payback periods for solar panel systems. By optimizing energy production, tracking systems also help reduce the carbon footprint of solar farms and residential installations.
Incentives and Rebates
Utility companies and government agencies in the United States offer various incentives for implementing solar tracking systems, including rebates, tax credits, and renewable portfolio standards (RPS). For example, the US Treasury Department’s Solar Investment Tax Credit (ITC) provides a 30% tax credit for solar energy systems, including tracking technology. Additionally, the Database of State Incentives for Renewables & Efficiency (DSIRE) maintains a comprehensive database of state and local incentives for solar energy systems.
Installation Considerations
When installing tracking solar technology, it’s essential to consider the system’s design and structural integrity to ensure optimal performance and longevity. For pole-mounted systems, manufacturers recommend using heavy-duty mounts and foundations to support the additional weight and stress caused by the tracking mechanism. Regular maintenance is also crucial to ensure smooth tracking and prevent mechanical failures.
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