If you’ve been hearing about the financial benefits of solar and wondering if it could benefit you, this information should help.
A solar system installed on your property can reduce or eliminate your San Diego Gas and Electric bill. Solar energy panels can benefit San Diego consumers regardless how small or large their bill may be. Instead of paying SDG&E, you are paying for your own solar powered electric plant which can provide a return on your investment in 4-9 years.
They say that in life, timing is everything, and that is certainly true in regards to solar for San Diego residents. Right now the following incentives are being offered:
Tax Credit – The Federal Government provides a 30% Solar Investment Tax Credit. Not just a tax deduction but a tax credit and there is no cap on the amount.
Rebates – The California Solar Initiative is offering a rebate. Currently, the residential rebate is $1.10/watt, approximately 20% of the cost of a solar system. Rebates for commercial, new construction, non-profits, and other entities are even higher. These rebates are on a tier system. The current tier is $1.10/Watt. It will be dropping to $0.85/W sometime in the future. These rates drop as they are used on a first come, first serve basis. So if you’re thinking about going solar, putting it off may cost you money in the form of a lower rebate.
Financing – The City and County of San Diego are rolling out programs which provide financing. The financing covers the cost of installing a solar PV array and can be repaid over 20 years.
For more information regarding solar, call Dream Design Builders at 1-877-373-2677 or visit our San Diego Solar page on our website. Dream Design Builders is a San Diego Home Remodeler and Solar Installer and a 2-time winner of Better Business Bureau’s Torch Award for Marketplace Ethics, San Diego 2007 and 2009.
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You post awsome posts, bookmarked for future referrence !
Hi
The cost of installing a solar system is quite high but now Govt is providing a federal scheme through people can reduce 30% of installation cost.