The California Center for Sustainable Energy (which administers the solar rebates for San Diego Gas and Electric) says that the residential portion of the California Solar Initiative (CSI) has experienced such demand that what was planned as a 10-step, 10-year incentive schedule, to be completed in 2016, has already sped through steps 1 to 7, with over half of step 8 already filled, in only the program’s fifth year.
Posts Tagged ‘solar tax credit’
Utility Updates for Solar Rebates & Tax Credits
Installing Solar Increases Home Value
In California, a homeowner installing a solar system on their home will increase its value by an average of $17,000, according to an “Open Web Site” study by Lawrence Berkeley National Laboratory. The analysis of 72,000 home sales from 1999 to 2009 showed that the almost 2,000 homes with roof-top solar systems attracted higher bids from buyers who wanted to save money on utility bills and reduce emissions of greenhouse gases.
Echo Park’s Newest Resident Has Solar!
Most first-time home buyers are quick to furnish their new home with furniture or small appliances. Not Thach. The first thing the newest resident in LA’s Echo Park wanted to do was to make sure he had solar panels on his roof. In fact, Thach hadn’t even moved in yet when the SunWize crew showed up to install his top-of-the-line SANYO system.
Solar Misperceptions – Part Three: Does a Solar Investment Pay Off?
In part three or our series, Matt Ziskin, Sr. Director of Marketing discusses the payback of residential solar under different payment plans.
Like any home improvement, solar systems can vary widely in cost and size. And now, there are more payment options to make solar accessible to more homeowners. Ziskin highlights three ways to think about the financial benefits of installing solar. “Most homeowners evaluate the cost of solar in terms of how much money they will save off of their monthly utility bills, how quickly they can recoup the cost of the system with their post-solar energy bill savings, and how much they can save compared to utility electricity costs over the life of the system.”
Read more ...