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.
One of the biggest money-savers that can come with installing your own solar generation system is a huge rebate from the federal government. A 2009 stimulus bill will grant you a federal tax credit for 30 percent of your system’s value, which could add up to thousands of dollars.
The state of California itself will also give you a break on your property taxes when you install a solar power system. While this type of system will drastically increase the value of your home, the state won’t count that added worth when calculating your property taxes.
You might also find that your individual city or county offers rebates of their own, though these can vary widely and more restrictions may apply to claiming them. 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.
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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.