Rebates & Tax Incentives
Rebates and other tax incentives can cut the cost of solar for your home by as much as 60%, allowing you to see a return on your investment faster than you ever imagined. But these solar rebates and tax incentives cannot last forever. As time passes and rebate funds expire, the consumer savings are also reduced. Don’t wait; go solar now. Here are just a few incentives available for residential solar power:
Rebates
CSI/SCE Program closed.
Solar Domestic Hot Water – up to $1,834
LADWP Residential $.40 per watt.
Pasadena Residential – under 30kW – $.85 per watt.
Over 30kW – $.129/kWh
Burbank Program currently not available. Will reopen July 2015.
Solar Domestic Hot Water – $1,500
Glendale Program currently not available. Will reopen July 2015.
PG&E Program closed.
Federal, Investment Tax Credit
30% Energy Credit, IRS Form 5695
Federal, Pre-1936 Buildings
10% Investment Credit, IRS Form 3468
Federal, Certified Historic Structures
20% Investment Credit, IRS Form 3468
Federal, Agricultural Credits
10% Investment Credit, IRS Form 3468
State, Property Tax Exempt
Solar installations are completely exempt from property tax.
(California Revenue and Taxation Code Section 6353.5)
Property Value
A historic increase of 3% in property resale value
ROI
3-7 year return on investment, 25 year positive after-tax cash flow
(It compares favorably to a 15% tax-free CD)
*As always, please consult your tax advisor.