California Solar Rebate and Incentives
California Incentives and Rebates
One of the reasons California uses and develops more solar energy than any other state in the country is that there are numerous incentives and rebates available from various government agencies. When financing a solar generation system for your home, taking advantage of the various offers will help you cut your setup costs considerably. However, it’s important to keep in mind that increased demand for solar power makes the value of these incentives go down.
Federal and Local Rebates
Federal - Solar Investment Tax Credit (ITC)
One of the biggest money-savers that can come with installing your own solar generation system is a huge rebate from the federal government. The Solar Investment Tax Credit (ITC) is for 30 percent of your system’s value, which could add up to thousands of dollars. The Solar ITC is set to expire at the end of the 2016. You will likely be able to take advantage of the Solar ITC directly or indirectly. The owner of the system gets the rebate, but in instances of financing through a solar lease or PPA the rebate is likely passed on through in the form of a lower rate.
California - Local Rebates
The state of California itself will also give you a break on your property taxes when you install a solar power system. The city and county rebates vary widely are dependent on your utility provider. We recommend that you contact your utlity provider directly to find out if you qualify.
While a solar panel system can drastically increase the value of your home, the state won’t count that added worth when calculating your property taxes.
Checking to find out what types of incentives you qualify for will make solar power even more affordable, but you won’t get the best deals unless you act soon. Find out more about how to save on your electric bill.
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About Verengo Solar
Verengo Inc. has changed the way America thinks about solar! Verengo ranked #1 on the Solar Power World list of Top Residential Solar Contractors in the U.S.1, has been named to Inc. Magazine’s List of America’s Fastest Growing Companies and consistently maintains an A+ rating with the Better Business Bureau. The company markets, sells and installs solar photovoltaic systems, which enable homeowners to save money on their electricity bills and replace dirty electricity with clean, renewable energy. Verengo has grown 700% over the past 4 years and has added 900 new employees over that period. A recent survey found that 92% of Verengo customers would refer the company to their friends and family. The company has earned this recognition and customer satisfaction by making solar easy and affordable for its customers and delivering superior customer service.
1.Source: Solar Power World. Verengo operates exclusively in the residential solar sector.
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With no end in sight for soaring electricity rates, your switch to solar will secure affordable power for your home and family for years to come.