- The California Solar Initiative currently offers photovoltaic incentives at $.25 per watt for systems up to one megawatt in size.
- Funds for solar installations for existing and new low-income and affordable housing.
- The California Solar Initiative will be coordinated with the state’s energy efficiency, “smart” metering, and building standards programs at the Public Utilities Commission and Energy Commission, ensuring that the state is using its energy resources wisely.
Federal 30% Solar Electric System Investment Tax Credit
All California homeowners can use the sun’s energy to power a utility grid-tie solar electric PV power system or heat a domestic solar hot water heating system for your home and receive a Solar Electric Power System 30% Federal Investment Tax Credit for each solar system installed between December 31, 2008 and December 31, 2016.. Individuals who install a residential solar electric panels or solar hot water heating panel systems will receive a credit against their income tax liability and carry unused credits forward to the next succeeding year. The 30 percent of the installed cost, including equipment and labor for a residential solar electric power system or solar hot water heating system installed between December 31, 2008 and December 31, 2016.
State of California Commercial Solar Incentives
The State of California offers substantial rebates for both large and small commercial solar electric systems through the California Solar Initiative (CSI). Depending on the size of your facility, you will qualify for either the Expected Performance Based Buydown (EPBB) or a Performance Based Incentive (PBI) program. These rebates can cover as much as 40% of the total system cost.
LADWP’s Solar Incentive Program encourages the installation of solar PV capacity in Los Angeles. This program is a multi-year investment designed to expand solar power in Los Angeles.
Federal Tax Credits
In addition to State rebates and incentives, the Federal government offers a 30% Federal tax credit on solar power systems, and allows businesses an accelerated depreciation schedule over 6 years.