Are There Solar Incentives in California?
There are several solar incentives in California designed to increase your return on investment when installing green energy. From tax credits to incentive programs for low-income homes, the state of California has new options to make solar energy available to more property owners than ever. The Christian Solar team can provide information about all of the current solar incentives in California, including the Self-Generation Incentive Program, Investment Tax Credit, and local rebates that may be available in your area. Book a free consultation to learn if you are a candidate for any of these programs.
Does California Offer a Solar Tax Credit Program?
Yes! There are several options to look into. One way to save on your solar installation is to apply for a solar tax credit. The Investment Tax Credit (ITC) program can offset the initial costs of purchasing and installing your solar equipment. It is available to both residential and commercial property owners across the state. The ITC percentage varies by year and depends on when you will be installing and implementing your solar energy panels. After you know the full cost of your solar installation (dependent upon size, style, and energy needs), you may be eligible to claim tax reductions for adding green energy to your property. In addition, make sure to review the property tax exclusion codes to confirm that your solar panel additions will not contribute to your upcoming solar panel taxes. Finally, look into the Property-Assessed Clean Energy (PACE) program, also known as the Home Energy Renovation Opportunity (HERO). This statewide loan option allows property owners to finance solar energy projects through the property taxes. Our team can provide assistance with these codes and confirm which California solar rebates for 2020 and 2021 your property may be eligible for. Make sure to research the below options:
- Investment Tax Credit (ITC) for 2020 & 2021
- Property Tax Exclusion for Solar Panel Installations
- Property-Assessed Clean Energy (PACE) Program
- Home Energy Renovation Opportunity (HERO)
Want more information on solar energy installations? Visit our Learning Center for detailed guidance.
Are there California Solar Rebates for 2020 and 2021?
Some local municipalities offer solar energy rebates to property owners in California. Depending on your county, you may be eligible for a one-time cash incentive or other tax benefits. Local solar rebate programs vary by county, so be sure to check with the Christian Solar team for the latest information. If you are located in San Diego, California review the SDPGE website for detailed information on the current California solar rebate options in your area.
Can I Apply for CA Solar Programs by Income Level?
For clients in a low-income household, the Single-Family Affordable Solar Housing (SASH) program offers solar incentives in California to families who qualify. In addition, the Multifamily Affordable Solar Housing program (MASH) was set up to provide solar panel incentives for California families with multi-unit homes. The Self-Generation Incentive Program (SGIP) may be an additional option to offset the costs of installing a solar battery.
What are the Long Term Benefits of Investing in Solar?
One of the long term benefits to solar energy is reduced energy expenses overall. By participating in net metering schemes, you can offset your energy bill totals by up to 50% per year. Solar panels can also increase the overall value of your property, as well as make your business more attractive to potential customers or investors.
How Does Net Metering Work?
When you generate solar energy at your property, that energy is transferred back into the local energy grid. When you receive your energy bill, the amount of kilowatts you sent back into the grid is deducted from your total.
Are There Any Solar Financing Options?
At Christian Solar we believe that every home and business should have access to affordable, clean energy. We work with a variety of financing firms and programs to help our clients install and run an energy-efficient system. Following your solar panel estimate we can provide an overview of the solar panel tax credits for 2020, 2021, and potential future years. In addition we can direct you to solar financing organizations that are designed to incentivise more property owners to invest in solar. Once your system is installed and running you can enjoy up to a 50% reduction in your energy bills. The solar panel system can also increase the value of your property and attract potential new renters to the facility.
At Christian Solar our mission is to help our clients save money while protecting the environment. Our in-house team of project managers and coordinators are up-to-date on the latest solar incentives in California and can recommend the best programs to maximize your return on investment. In addition to providing guidance on state and local finance programs we can also recommend technology and installation options that will improve the efficiency of your overall system. Call our team today to get started.