During which phase of a solar project are state/local rebates typically applied?

Prepare thoroughly for the NABCEP Solar Associate Exam. Discover flashcards and multiple choice questions with hints and explanations. Ace your exam and embark on a rewarding solar energy career!

State and local rebates are typically applied during the financing phase of a solar project. During this phase, the financial aspects of the project are organized, including securing funding and accounting for available incentives. These rebates can significantly influence the overall cost of the solar installation by reducing the initial financial burden, thus making solar projects more feasible and attractive to potential buyers and investors.

While design and engineering, installation, and assessment/approval phases are critical components of a solar project, the application of state and local rebates directly impacts the financing structure. That means understanding and incorporating these rebates into financial models occurs before the project moves forward to design, installation, or obtaining regulatory approvals.

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