Southern California has always been an ideal area for harvesting solar power but the financial situation continues to improve for solar installation in the area. If you’ve been waiting for the right time for solar panel installation at your home or business, the time has arrived. Here is a quick breakdown of the positive economic situation for home solar systems in California.
- 30 Percent Federal Tax Credit – Install a system and deduct 30 percent of the cost of equipment and installation from this years taxes.
- California Solar Incentives – The California Solar Initiative and power providers throughout the state are offering various rebates and per watt funding incentives to encourage residents to set up solar systems. Rates vary around the state and time is running out for many of them.
- Local Incentives – Some smaller municipalities in the state, including San Diego, Los Angeles, and San Bernardino have eased regulations to help speed the installation process along. Going green is now far more painless than it has been in the past.
- Solar Leasing – California is one of the few states that allows solar leasing, where homeowners enter into a lease agreement with a solar provider. Under these leases, homeowners receive a new system free of charge and then pay back the cost of installation and the panels in their regular power bill. Most residents notice an immediate decrease in power bills and falling power costs, relative to the rising cost of electricity and heating over the lifetime of the system.
If you want to better understand the beneficial atmosphere for solar panel installation in your area, give The Electric Connection a call. We’ll help you navigate the sometimes confusing world of solar panel installation and get you on your way to energy independence and long term savings. Why wait to realize a greener and more fiscally sound future?