LADWP Solar Rebates
Imagine reducing or eliminating your electric bill right now with a 30% Federal Tax Credit combined with generous Utility Rebates available through the California Solar Initiative. You can SAVE UP TO 45% on the cost of a solar power system while adding up to 100% of the value of the system to your home or property value without any increase in property taxes!
The state of California is offering cash rebates on eligible renewable energy electric-generating systems.
Los Angeles DWP – Solar Rebates
Aimed at meeting the goals of the state’s SB 1 “Million Solar Roofs” legislation, the program is designed to reduce customers’ cost of installing PV Systems.
On August 2, 2011, the Board of Water and Power approved new guidelines for the Solar Incentive Program (SIP) with double the budget for the next three years. The updated SIP will feature a faster and more transparent customer experience, and revised incentive levels that are more in line with market pricing and allow greater participation.
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. Aimed at meeting the goals of SB 1, the State’s solar project initiative over 10 years, the program incentive levels are structured as a 10-step declining incentive, based on the amount of solar PV installed and connected to LADWP’s electric grid.
How Does The LADWP Solar Rebate Work?
The Solar Incentive Program provides a lump sum payment to LADWP customers that purchase or lease solar photovoltaic (PV) systems to offset traditional energy consumption at the installation site. Customers who qualify and complete an installation are provided with a “net meter”. When a customer’s solar system produces more energy than they use, the excess energy is calculated as a credit on their bill, and their meter will run backwards.
The incentive levels were revised to be consistent with the State solar guidelines under the California Solar Initiative (CSI), which is better aligned with existing solar markets and achieves a reasonable payback period for customers. The new incentive levels in 2011 are $2.20 per watt for residential customers, $1.95 for commercial customers and $2.70 for government/non-profit customers. The current level can be viewed at http://www.ladwp.com/ladwp/cms/ladwp014709.jsp.
The program will continue to offer customers the option of assigning the Renewable Energy Credit to LADWP and receive at least an additional $0.40 per watt, which makes the revised incentive levels significantly higher than the minimum set by the State of California.
How do you get started?
Get A Quick Quote for an individualized solar site consultation and evaluation. Each solar grid-tied system is site specific resulting in a need for our specialized on-site evaluation. Upon completion of our on-site consultation AMECO will design a system to meet your needs with firm pricing, on paper, ready for submittal to your local electric utility solar program administrator, to confirm and reserve your rebate.