California State Incentives For Solar Panels

Both homeowners and businesses qualify for a federal tax credit equal to 26 percent of the cost of their solar panel system minus any cash rebates.

California state incentives for solar panels.

In terms of reducing the initial cost of a solar power system the most lucrative california solar incentive is the federal 26 federal tax credit. The residential renewable energy tax credit as the irs calls it can be an attractive way to save on the significant cost of installing solar panels or roofing an average sized residential solar. The golden state already leads the country in solar energy it has more solar capacity than any other state in the u s and nearly six times more solar than number two state arizona. Another incentive for going solar in california is the state s generous net energy metering nem program known as net energy metering 2 0 or nem 2 0.

Learn more about the federal solar tax credit including the timeline for the eventual end of the itc in 2022. Pacific gas and electric company southern california edison company san diego gas and electric company and bear valley electric service. California s sgip rebate is one of the best incentives in the country for homeowners who want to install a home battery with their solar panels. Now california is becoming a leader in energy storage.

Here are just two examples. The california energy commission cec is updating its website for enhanced usability ada compliant accessible content and improved site navigability. Contents related to the new solar homes partnership program nshp and solar equipment lists sel are relocating from the go solar california website to the nshp webpage and sel webpage. Check out our top list of incentives to go solar in california.

This program allows you to sell any extra unused electricity produced by your solar energy system back to the utility company. What are the main california solar tax credits and rebates. In california you are entitled to a federal investment tax credit when you purchase and install an eligible solar panel system which includes the solar photovoltaic systems offered by sunpower by sea bright solar. Don t hesitate and miss out.

Ensure you receive the full 26 solar tax credit and additional incentives for going solar in 2020. The new solar homes partnership nshp is administered by the california energy commission cec and provides incentives for solar on new home construction. For residential homeowners this tax credit covers 26 of the total cost. The average cost of a 7kw residential solar power system in california is approximately 20 000 which the 26 tax credit effectively reduces by 5 200.