Solar Tax Credits And Solar Financing In Southern California

Beyond the benefits of saving money on your monthly utility bill, reducing your carbon footprint, and increasing the value of your home, investing in a solar energy system allows you to claim solar tax credits and rebates. The following incentives dramatically reduce the costs of switching to clean, renewable energy.

Solar Panel Rebate

Receive a cash rebate of up to $5,000 for investing in a solar energy system for your home or business. Ask us for more information.

Energy Efficient Upgrade Rebate

Qualified homeowners can receive a $1,000 rebate towards energy-efficient home upgrades including solar panels, solar batteries, heating and cooling, windows, roofing, and more. Additional solar tax credits and rebates may be available depending on your city or county. Check with the Department of Energy or ask one of our solar installation experts for more information on current programs.

Solar Investment Tax Credit

The solar investment tax credit allows homeowners and business to deduct 30 percent of the costs of installing a solar energy system from their federal taxes.

Residential Energy Efficient Property Credit

This credit covers 30 percent of solar energy system costs for tax years through 2019. The credit drops to 26 percent in 2020 and 22 percent in 2021.

 

Should I buy or lease my solar panels?

There are many benefits to buying your solar panels over leasing. Purchasing a solar energy system is the only way to qualify for the special incentives and perks listed above, including the 30 percent Solar Investment Tax Credit and $5,000 cash rebate. Households and businesses that purchase their solar panels can also benefit from Solar Renewable Energy Certificates (SRECs). Every time your solar energy system generates 1,000 kW hours of energy, you can sell a certificate that helps offset your investment.

 
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Despite the many incentives and perks of buying solar panels, some homes and businesses decide leasing is a better fit. At Southern CA Solar, we’re an authorized SunPower lease dealer, which means we can offer a customized monthly rate to make solar energy affordable for nearly any budget. Before opting to lease, it’s important to remember that doing so makes you ineligible for the solar tax credits and rebates listed above. If you decide leasing makes most sense for your home or business, contact us to learn more about the best options on the market.

 

PACE Financing

Southern CA Solar Energy customers are always welcome to purchase their solar energy systems in cash. If this isn’t an option, consider a PACE financing plan, which can cover up to 100 percent of the costs of going solar.

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Buying a solar energy system is accessible to almost all homes and businesses through the Property Assessed Clean Energy (PACE) program. PACE requires no money down, which allows Southern California homeowners and businesses to defer the upfront costs of installing a solar energy system. PACE financing can range from 5 to 25 years and is attached to a property, not an individual, which means its transferable if you sell your home. Best of all, financing your solar energy system through PACE means you’re eligible to receive any tax credits and rebates available to you.

 

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Beyond the benefits of saving money on your monthly utility bill, reducing your carbon footprint and increasing the value of your home, investing in a solar energy system allows you to claim solar tax credits and rebates. The following incentives dramatically reduce the costs of switching to clean, renewable energy.

Energy Efficient Upgrade Rebate

Qualified homeowners can receive a $1,000 rebate towards energy-efficient home upgrades including solar panels, solar batteries, heating and cooling, windows, roofing, and more. Additional solar tax credits and rebates may be available depending on your city or county. Check with the Department of Energy or ask one of our solar installation experts for more information on current programs.

Solar Panel Rebate

Receive a cash rebate of up to $5,000 for investing in a solar energy system for your home or business. Ask us for more information.