Paying for your SunGen™ solar electric is quite economical with state/utility rebates, federal tax credits and plentiful financing options. However, most rebates decline over time. Right now the S.U.N. is affordable for everyone, reserve your incentive today! Let's take for example some rough math:
CA Example
$30,000 Gross System Cost for a typical 5kw system
-$6,200 cash rebate from the state/utility incentive program
-$7,140 federal tax credit (not a deduction, a real tax credit!)
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$16,660 Net Cost - a 50%+ savings!
AZ Example
$30,000 Gross System Cost for a typical 5kw system
-$15,000 cash rebate from the state/utility incentive program
-$4,500 federal tax credit (not a deduction, a real tax credit!)
-$1,000 state tax credit
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$9,500 Net Cost - a 70% savings!
** Gross system costs, state and utility rebate programs vary, contact us to find out what you may be eligible for.
Important Links
- Download tax information regarding the ITC tax credit
- Information on the California Solar Initiative
- APS Utility Information
- SRP Utility Information
Disclaimer: You should confirm the availability of the incentives and consult your tax advisor about the financial benefits you may be eligible for.
California CSI State Rebate
As part of Governor Arnold Schwarzenegger's 3.3 Billion, Million Solar Roofs Program, California has set a goal to create 3,000 megawatts of new, solar-produced electricity by 2017 - moving the state toward a cleaner energy future and helping lower the cost of solar systems for consumers. Expected Performance-Based Buy-Down, or EPBB is a cash rebate from the state of California for systems smaller than 50kW in capacity. The rebate amount is calculated by equipment ratings and installation factors (geographic location, tilt and shading). Solar Universe will file all necessary paperwork on your behalf to reserve your incentive. Once the project is completed, Solar Universe will send the CSI administrator as-built data to determine your final rebate for the program. Please be aware that the final CSI incentive rate that is reserved for you will be determined by your CSI Program Administrator at the time your reservation request (RR) application is approved and may change subject to the configuration of the as-built system. The rebate will be shown as an immediate cash credit on your proposal. From http://gosolarcalifornia.ca.gov.
The Investment Tax Credit (ITC)
The Investment Tax Credit (ITC) is a reduction in the overall tax liability for individuals or businesses that make investments in a variety of pre-determined areas. For solar-electric and solar water heating residential property expenditures, the credit is 30 percent of the cost. The ITC tax credit would be realized when you file your tax returns.