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 placed in service after 2008.

  • 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

Pacific Gas and Electric Company (PG&E) offers rebates on many energy-efficient products and improvements for your home. When you purchase and install these products, you can save energy and money while reducing your impact on the environment.  

 

CaliforniaFIRST (A PACE program benefit)

updated 02-11-15

BENEFITS: Eligible for the 30% federal Tax Credit • No credit checks • 100% Financing •  No Banks  • No Added Debt •  Tax Deductible  •  Fast & Simpel Approval  •  Easily Transferrable If Property Is Sold

learn more


City of Lompoc : Ongoing

HERO Program Financing. 

DEADLINE TO APPLY: HERO Program available until further notice. 

HERO is a PACE program affiliate that allows homeowners to pay for their solar energy thru their property taxes. $0 down required, low, fixed monthly payments, instant savings. NOT A LEASE. Click here to request a quote today or simply call now at (805) 922-3774.

HERO Program details 


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 Electric Tax Credit: 

30% federal Individual Tax Credit.  Consult your tax professional.


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/