Tax Credits
Up to 30% credit on commercial and residential systems.
Rebates
California currently provides approximately $1.55 to $2.50 per watt depending on size and location. This accounts for nearly 30% of the system cost.
Accelerated 5 year depreciation on commercial systems
For commercial systems, accelerated depreciation is available for the depreciable basis of the solar electric system, on the portion of the cost that is not covered by rebates or grants.
Increased Home Value
For every $1,000 reduction in annual operating costs from energy efficiency, a home's value is increased by $20,000. So essentially the value of the home is increased by the annual operating costs savings multiplied 20.
Hedge Against Rising Electricity Prices
Once you have invested in your system, you will be producing power independently. You will then be less susceptible to increases in energy costs on the power you produce for the life of your system. Electricity rates have historically increased by 6% on average each year for the past 30 years.