Incentives & Rebates
Federal Tax Credits & State Rebates
To support all Californians to go solar, a great number of states offer solar power incentives, usually in the form of solar rebates. The total number of the solar rebate varies state to state, but in all cases it will cover a significant portion of your solar system installation cost. In most cases, Solar Solutions 4 U, Inc. will credit you for the rebates up front. This means you pay only the net cost and let us wait for reimbursement from the state.
Federal Tax Credits
Recently, the federal government had passed a new Stimulus Bill in February 2009 which allows homeowners to Get a 30% tax credit from the IRS to deduct from the system costs off your federal taxes through an investment tax credit (ITC). If you do not expect to owe taxes this year, you can roll over your credit to the following year.
State Rebate Programs
In California, rebates are administered through the California Solar Initiative (CSI). The sooner you install solar, the more $$$ you'll save. Utility companies, like SCE (Southern California Edison) and LADWP (Los Angeles Department of Water & Power) are offering solar rebates worth $1000s—but rebates are starting to diminish as the demand for solar rises. The amount of the rebate you can qualify for depends on the size of your solar system and how much electricity it is estimated to produce.
Best time to go solar now!
Federal, state and local governments offer incredible financial incentives to encourage homeowners to switch to renewable energy. The government pays up to 50% of your solar system with all incentives combine!!!
A great resource for getting comprehensive details on your state's incentive programs for both renewable energy and energy efficiency, plus any available local and utility incentives, is the DSIRE website—the Database of State Incentives for Renewables & Efficiency. Please note that some areas may qualify for additional incentives through local municipal utilities.
To find out exactly how these federal and state solar incentives can help finance your solar power system,
talk to one of our solar sales consultants directly.
