Financial Benefits

Gain Energy Independence from your Utility Company

When your system starts to generate more electricity than you actually consume your utility meter begins to spin backwards sending overage electricity back to the grid. You then accrue credit with your utility company at the same rate they are charging you which allows your monthly electric bill to be reduced to a zero amount. Electricity prices on average have increased about 6% per year for the last 30 years. Once you choose solar, you are able to lock in low electricity prices which no longer make you dependent on foreign oil or increasing energy prices.

Increase the Value of your Home

Homeowners can expect their property resale value to increase significantly. An article published by the Appraisal Institute showed that property resale values will increase $20 for every $1 saved annually in electricity. Currently solar electric systems are 100% property tax exempt.

Significant State Rebate and Federal Tax Credit

The state of California has placed the California Solar Initiative (CSI) which is currently paying a state rebate that covers up to 25% of the total system cost. In addition to the state rebate, the federal government has placed a 30% federal income tax credit on residential solar systems. By utilizing both state and federal incentive programs the total system cost is reduced by up to 50% resulting in solar power being a great home investment. The amount of state rebates reduces significantly with every 10MW applicants. Please contact your So-Cal Solar Account Executive to secure your rebate before the next decline in the California Solar Initiative state rebate program. Please reference the following link for more information about your state rebate and federal tax credit http://www.dsireusa.org/.

Return on Investment

Currently the annual rate of return is between 10% - 20%. Depending on how you decide to finance your solar electric system it still holds a strong return. When you finance your solar electric system your loan monthly payment will be less than your monthly electric bill which allows you to see a return instantly. Bottom Line in today’s economic crisis purchasing solar is one of the strongest and most secure investment you can make for your future.