One of the big draws of solar power is its affordability; once you have a top-of-the-line solar system in place, you can provide energy for your entire household while substantially cutting your monthly utility bills.
But that’s not the only way in which solar power puts money back into your pocket. There are a number of tax credits and rebate programs that seek to reward homeowners for embracing solar energy. It’s important for any solar customer to know about the incentive programs that are out there, and to ensure they’re taking full advantage of these valuable opportunities.
Solar Rebates and Tax Credits
The first credit to know about is the federal Investment Tax Credit (ITC), which amounts to 30 percent of the total cost of your solar power system. Be aware that this amount will drop down to 26 percent at the end of 2019, so the time to buy a system and claim your full tax incentive is now.
In addition to this federal tax credit, there are a number of localized rebate programs throughout California. Both the Los Angeles and Sacramento utility departments will furnish solar customers with a one-time rebate, which is based on their calculation of your unit’s production over the next 20 years. This can be a significant financial bump, and the best way to claim it is to reach out to your utility company directly.
Homeowners in the Golden State may find that their savings vary, just depending on where they happen to live, but some customers find that their rebates and tax credits offset as much as 40 percent of their total solar installation. This is not counting the regular energy savings.
In other words: The affordable solar solutions of Eco Solar USA can pay off in more ways than one, and the time to learn more is now! Contact us directly to inquire about how a solar power system can save your household some money.