IT’S TIME TO GO SOLAR! Rebates are going down as of July 1, 2010
The California Solar Initiative offers financial incentives for solar installations meeting the expected performance. This is based on the size of the solar array, angle and location of the solar system. Larger solar systems will be based on the performance over a five year period. To discuss how much you will exactly save through the California Solar Initiative program, call Proven Energy Solutions for your free estimate.
Let our experience eliminate your confussion on finding the right programs. We do all the work for you to get the financial benefit you deserve.
- State Incentives
- Local Rebates
- Federal Tax Credits
- SCE, SDG&E and PG&E are eligible for cash rebates
State Incentives
The amount of rebate varies by program. These incentives are available because of real power problems for the utility companies. The incentive level available is determined by current available incentive in each utility area per customer class. Currently PG&E offers $1.10/watt but will be dropping to $.65 per watt very soon!
Local Rebates
Rebates have been set up to encourage people within their county to install a solar system and reduce the amount of power being consumed. This is being offered by incentives through your local municipal utilities.
Federal Tax Credits
A tax credit is more valuable than an equivelant tax deduction. A tax credit reduces tax dollar- for-dollar. Homeowners who install solar enegy systems, can receive a 30% tax credit.
Residential: The Proven Energy Home Solution
Combine Energy Conservation and a New Solar System. Example: 1,300 Watts per month usage; monthly electric bill = $338 per month
53. KW Solar System Cost- $36,923
Energy Conservation & Optimization Cost- $2,000
Total Gross Cost- $38,923
California Solar Initiative Rebate- $6,725
30% Federal Tax Credit- $10,259
Net Out of Pocket Cost- $20,939
Long Term Benefits:
1st Year Monthly Utility Bill Savings (Over life of System)- $177
- Average Monthly Utility Bill Savings*
- $334
- Total Utility Bill Savings (Over 25 year life of System)
- $100,138
Property Value Increase (Home Value Increases $20,000
for every $1000 in annual reduced operating costs)- $31,845
Rate of Annual Return on cash Investment- 11.%
Environmental Benefit: Equivalent Green House CO2 Gas Emission Reductions
- Small Car:
- 435,593
- Air Miles:
- 264,948
- New Trees Planted:
- 5,140
- Waste & Trash:
- 234 persons
CALL (949) 600.5911 TODAY for a free solar evaluation.
Your Proven Energy Solutions consultant will assess your needs, identify which state rebates and federal tax credits you can take advantage of, and recommend a plan to make it easy to switch to solar.
For more detailed information concerning the residential renewable energy tax credit, follow this link to the Database of State Incentives for Renewables & Efficiency.
