Do it for your Checkbook
In January 2007, California launched Go Solar California, which includes two solar incentive programs:
- California Solar Initiative, which offers rebates for owners of existing homes.
- New Solar Homes Partnership, which provides incentives to energy efficient constructions.
Installing a solar system on your home can potentially eliminate your electric bill or create enough power to keep your usage in the Tier 1 category. Utility rates are increasing every year, and all signs show that this trend will continue. As time goes by, your savings will drastically grow and your cash flow will increase.
6.72 kW System (28 Panels – 10,199 kWh produced per Year)
•$43,250 PV System Price (Total)
•$20,194 LADWP – Solar Incentive: Residential
•$6,917 Federal Tax Credit (30% of Net Cost at Installation)
•$16,139 PV System Net Cost to Customer in Year 0 (install)
SCE: sample system break down
4.8 kW System (20 Panels – 7,773 kWh produced per Year)
•$31,560 PV System Price (Total)
•$7,999 SCE CA EPBB Residential Retrofits
•$7,068 Federal Tax Credit (30% of Net Cost at Installation)
•$16,493 PV System Net Cost to Customer in Year 0 (install)