Solar Rebates and Tax Credits
Photovoltaic rebates vary from both State and Local utility companies offer substantial rebate that help offset the majority of the gross cost.
To view California rebates and tax credits click here.
California Solar Initiative
Effective January 1, 2007, the California Solar Initiative established two state rebate programs; Expected Performance Based Buy down (EPBB) and Performance Based Incentive (PBI).
Expected Performance Based Buy Down (PBI)
This program provides a one-time, upfront incentive for solar electric systems less than 100 kW. Rebate amounts are determined by the expected performance of the system. Expected performance is calculated based on equipment rating and installation factors, such as geographic location, tilt and shading.
Performance Based Incentive
This program provides monthly incentive payments based on energy production over a 5-year period for solar electric systems 100kW or greater, although any other size system may also select into the PBI incentive structure.
Federal Tax Cuts
In addition to State incentives, the Federal government offers a 30% Federal tax credit that can be carried 5 years. That’s another 30% discount!
Rebate Example
How the rebates Affect a System that cost approximately (depending on roof requirements) $19,320 (produces 2,760DC Watt).
- LADWP Rebate Plan =$7,200
- California Tax Credit (30% of system price after rebate) =$3,636
- Total Incentives for the system = $10,836
- System price to the Customer After Rebates and Tax Credits =$8,484