What solar incentives are available in California?
In addition to drastically reducing or eliminating your electric bills and contributing to a cleaner environment.. you can also benefit from several local and federal incentives.
These incentives and programs are designed by the government to encourage homeowners to go solar.
The Solar Investment Tax Credit (ITC) is a federal tax credit for qualified
customers who purchase solar energy systems for residential properties.
The credit is worth 26% of the total cost of the system and is applied to the homeowners income tax. In 2023 the ITC will be reduced to 22% and it will no longer be available after 2024.
For more information on the Solar ITC: https://blog.vinyasun.com/what-is-solar-investment-tax-credit-itc/
Net-metering is a utility billing system that offers a credit to residential and business customers who are making excess electricity with their solar systems and sending it back to the grid. California homeowners with solar are able to sell back the excess energy produced by their system.
Top utility net-metering programs in CA:
Provided by the California Public Utilities Commission Commercial (CPUC), the Self Generation (SGIP) is designed to encourage homeowners and local businesses to install technologies that reduce their reliance on the
Theare about $350 per kilowatt hour, or a that covers 35% of the cost of the .
For more information: https://www.cpuc.ca.gov/sgip/
Unlike other home improvements like new kitchens, additions or pools, California homeowners never have to worry about the government adding property taxes to their home when they install a solar energy and backup battery system.
The CSI Single-Family Affordable Solar Homes (SASH) Program provides an up-front incentive to help low-income single family households with the initial costs of going solar.
California also provides a similar incentive known as Multifamily Affordable Solar Housing (MASH) program.