Government Incentives for Going Solar
Go Green & Save Money with Our San Diego Solar Company
Depending on the specifics of your project, state and federal incentives are available to help you save money on your solar installation in San Diego and is factored on a per watt basis. There are new construction project rebates (administered by The New Solar Homes Partnership) still available for highly efficient homes throughout Southern California.
The federal tax credit is an actual credit, not a deduction of income, and it is 30% of the cost of the system. The federal tax credit is readily available for both new and existing homes that add solar. We recommend adding solar sooner than later as incentives are diminishing in California with more and more people choosing solar for their home.
Federal and State Government Incentives for Solar
California is among the top states in terms of financial benefits for switching to solar. The current government incentives include:
Federal: 30% tax credit on the final cost of the new solar system through December 31, 2019.
Starting in 2022, the tax credit drops to 26% of the final cost and again drops to 22% in 2023.
To learn more about government incentives for installing solar panels, call California Premier Solar Construction at (760) 786-4292 for a free in-home estimate.
Good for Your Electrical Costs
Our clients notice a drastic reduction in their energy bills when they switch to solar. Many see a return on investments within a year. Systems typically provide 15-20% savings on their utility bill which can add up to $30,000 or more over the course of 20 years. There are significant savings available when your home depends more on your own electrical energy and less on your local utility.
Good for Your Home Value
Studies show that solar panels add value and help your home sell faster, often in half the time! Homes with an average system size of 3.1 kW sold for approximately $17,000 more than non-solar homes. Homeowners understand the importance of energy costs and are eager to purchase a home with existing lower energy bills. If you have a solar lease, transferring to the new homeowner is simple.
Good for the Environment
Traditional electricity is powered by fossil fuel and purchased from companies that burn coal, natural gas, or petroleum. A home that produces enough solar energy to cover all or most of their electrical needs will help offset their carbon footprint and become part of the solution to the problem. An average photovoltaic system greatly reduces carbon footprint and emissions equivalents.