Find Out About These Solar Incentives for California Residents

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Hundreds of homeowners are investing in solar for their California homes. There are so many incentives for going solar in California that it’s a no-brainer decision. Take a look at some of the benefits you can receive when choosing solar for your California home.

6 Solar Incentives for California Homeowners

The initial solar investment can be overwhelming, especially in California, where housing is already priced significantly higher. These incentives will help you put money toward solar energy, which will help the environment and save you money in the long run.

  1. PACE program – Property-Assessed Clean Energy (PACE) is a loan program that allows homeowners to finance their qualifying solar panels or energy-efficient upgrades through their property taxes. This will result in an increased property tax payment, often lasting over 20 years.
  2. Property Tax Increase Exclusion – Through January 1, 2025, all new qualifying solar customers will qualify for a property tax exclusion. For example, the homeowner’s property tax will not increase each year if they install solar panels.
  3. Solar Tax Credit – This incentive is not exclusive to California. The federal tax credit for solar installations will allow new solar customers to deduct 26% of their solar installation costs off of their taxes each year. In addition, if your solar tax credit exceeds what you owe in taxes in one year, then you can roll over the credit to the following year.
  4. Energy Bill Credits – Each electric company will give you credits for all of the energy you store up and send back onto the grid. This is called Net Energy Metering (NEM). For example, your solar panels can collect energy from the sun that will contribute to the community’s power needs, and the power company will reward you for that!
  5. Solar for Affordable Housing – Single-Family Affordable Solar Housing (SASH) gives a one-time incentive of $3 per watt to help homeowners pay for the initial cost of installing solar panels in qualifying areas. This program aims to make solar energy benefits available to all homeowners, not just the affluent.
  6. City by City Incentives – You will find that each California city can have additional incentives for going solar. Look into your specific city to discover extra benefits.

California residents have many incentives to go solar. Contact a solar company you can trust in New Day Solar for details specific to your home and power needs. Call for a consultation with a solar professional at (855) 444-6329.