Solar Incentives That Pay
In addition to reducing or nearly eliminating your monthly electricity bill, your new solar system may also quality you for a 26% tax credit in 2020. But don’t delay! The federal Investment Tax Credit, known as the ITC, will be reduced in 2021. Go solar this year to lock in your electricity rates, and the tax credit could help pay for your solar system. Don’t get stuck buying high-priced power from the utilities.*
In fact, a recent study in California estimates that purchasing solar can increase the resale value of your home by more than $5,000 per kilowatt added (1). That alone may cover your system’s entire cost on day one.
Home buyers are willing to pay a premium for a home with a purchased solar installation. Why? Because a solar power system helps control electricity costs and provides savings over time. The increases the home’s value.
You may also qualify for other financial incentives, tax credits and utility rebates. To see a database of California utility and federal incentives and policies that promote solar click here.
Save Money From Day One
The average Bay Area household is now paying close to $250 per month on utility costs. That adds up to nearly $250,000 over 25 years if you factor in inflation. Switching to solar locks in your electricity rate and saves you money.
