In California we are fortunate to have both the funding from the California Solar Initiative and the Federal Energy bill to help you pay for your system.
Rebates
• On Jan. 12, 2006, the California Public Utilities Commission (PUC) approved the California Solar Initiative (CSI), a comprehensive $2.8 billion program that provides incentives toward solar development over 11 years. That means rebates are funded for the next 11 years. Starting in 2007 the rebate amount is $2.50 for each watt installed, declining thereafter.
• Applying for this rebate takes some paperwork and patience. Berkeley Solar Electric Systems will take care of the paperwork for you.
Tax Credit
• A 30% Federal tax credit exists for installing solar electric systems.
• A tax credit is generally more valuable than an equivalent tax deduction because a tax credit reduces taxes dollar-for-dollar, while a deduction only removes a percentage of the tax that is owed.