Rebates and Credits
The federal government is now giving a tax credit for 30% !!! That means 30% of the cost of a purchased or installed installed solar system, both solar thermal and PV. The federal tax credit that once was capped at $2000 for residential systems is now extended without the cap. Once you have installed your system all you need to do is take the sale or installation invoice to your tax preparer and file for your tax credit that will save you 30% of your systems cost. Here is a way to pay your taxes by installing a renewable energy system on your home or business!
The New Solar Homes Partnership (NSHP), is administered by the California Energy Commission (CEC) and provides incentives for solar on new home construction. To be eligible for the NSHP incentive, the home must receive electricity from one of the following investor-owned utilities: Pacific Gas and Electric Company, Southern California Edison Company, San Diego Gas and Electric Company, and Bear Valley Electric Service. Incentives are determined by the housing type and the expected performance of the system, which depends on factors like equipment efficiency, geographic location, orientation, tilt, shading, and time-dependent valuation.
Launched on January 2, 2007, the New Solar Homes Partnership (NSHP) is a 10-year, $400 million program to encourage solar in new homes by working with builders and developers to incorporate into the homes high levels of energy efficiency and high-performing solar systems. The NSHP specifically targets the market-rate and affordable housing single-family and multifamily sectors, with the goal of achieving 400 MW of installed solar electric capacity on new homes, and to have solar electric systems on 50% of all new homes built in California by the end of 2016.
The Self-Generation Incentive Program provides a rebate for installing wind turbines smaller than 5MW, although funding is caped at the rate established for a 3 MW wind turbine. . This program is managed by the California Public Utilities Commision (CPUC) and funded by PG&E, SCE, So Cal Gas, & SDG&E. Projects smaller than 1MW will receive the full rebate amount of $1.5/W. Projects larger than 1MW will receive a percentage of the aloted dolar amount per watt.
Database of State Incentives for Renewables & Efficiency (DSIRE), DSIRE is a comprehensive source of information on state, local, utility and federal incentives and policies that promote renewable energy and energy efficiency. Established in 1995 and funded by the U.S. Department of Energy, DSIRE is an ongoing project of the N.C. Solar Center and the Interstate Renewable Energy Council. www.dsireusa.org
Financing Your Solar Installation