Solar Energy Incentives

Energy incentives are listed below. For financing options, click here.


Residential 30% Federal Tax Credit  

 

updated 02-12-15

A taxpayer may claim a credit of 30% of qualified expenditures for a renewable energy system that serves a dwelling unit located in the United States that is owned and used as a residence by the taxpayer. 

  • There is no maximum credit for systems.

  • Systems must be placed in service on or before December 31, 2016.

  • The home served by the system does not have to be the taxpayer’s principal residence

Consult your tax advisor.   Learn more: energy.gov


Solar Pool Heating

updated 02-12-15

California still offers rebates for commercial pool projects, such as hotel pools. 

Lean more; energycenter.org
 

Central Coast: SOLAR$AVER:

Pre-designed, low-cost, roof-ready solar energy systems for fast, simple installs. Generally, these systems will save design and install costs, while reducing the upper tier utility rates. The simplicity of SolarSaver keeps costs as low as possible yet still delivering energy savings. You will still have a small utility bill, but will be saving anywhere from 15% to 40% from day one. SolarSaver is a great program for immediate, budget-concious homeowners. Learn more. Cannot be combined with any other rebate / incentive.


 $500 Idler's In-Store Rebate Promo:

 

Homeowners who choose a custom designed solar energy system are eligible to receive up to a $500 cash rebate toward any Idler's sales receipt within the last 3 months. A perfect opportunity to add an energy efficient appliance and save even more. Learn more. Cannot be combined with any other rebate / incentive.


Residential Solar Water Heating Tax Break: 

You will be eligible for a federal income tax credit of 30% AND a state rebate averaging $1,500 on your solar water heating system. Download "How to Select a Solar Energy Company".pdf! 


Residential Solar Electric System Depreciation:

Qualifying solar energy equipment is eligible for a cost recovery period of five years. For equipment on which an Investment Tax Credit (ITC) or a 1603 Treasury Program grant is claimed, the owner must reduce the project’s depreciable basis by one-half the value of the ITC. This means the owner is able to deduct 85 percent of his or her tax basis. 


Websites Resources:

http://www.sloenergyalliance.org/

http://www.energy.ca.gov/renewables/

http://www.gosolarcalifornia.ca.gov/csi/index.php

http://www.californiasolarco.com/solar-power-rebates.html

http://www.seia.org/

Callus at (805) 466-5595 or click here to schedule your free quote. 

What's the deal with free installation?

The promise of FREE Installation is just plain false and you should run from any company that promises that. The cost of the installation is added to your monthly payment. That is why leases, PPA's or FREE Installation systems have long re-payment terms, up to 20 or 25 years, because they have to am mortise the cost over a longer period to show you any kind of savings.

Look at the total cost of your solar energy system, including principle and interest, and  look at your total savings. Chances are, most solar energy companies will not or cannot show you this information because you would run away.