Solar Blog

Solar Financial Incentives are Changing Soon

Monday, November 30, 2015

As you may know, there are great financial incentives to going solar. Not only will the system itself save you money, but current programs and tax credits can save you even more. What’s the catch? These incentives are changing soon—now is your chance to get the most savings out of your solar system.

What’s Going to Help You Save Money on Solar

NEM 1.0

As of right now, if you install solar on your home, you can apply for the NEM program with SDG&E. This program allows you to send the excess energy that your system creates back to the grid. When that happens, you get a bill credit from SDG&E that’s reconciled annually. The credit can be used when you end up needing more energy than your system is creating, for example in the summer or winter. If you install solar with us, we take care of the setup process for you.

The NEM 1.0 Catch

SDG&E’s NEM 1.0 program has a cap. Once that cap is full, they will be changing the benefits available to those enrolled. We are approaching the cap rapidly, so if you want to install solar, it’s time to take action. Click here to see just how close we are right now (updated daily).

Federal Investment Tax Credit

When installing solar, you’re also eligible for the Federal Investment Tax Credit. The Federal ITC incentive can save you up to 30% on your installation and/or home roof repair costs (if needed to install solar). This is a huge savings that can drastically reduce your overall bill. Click here to read more on the Federal ITC.

The Federal ITC Catch

The Federal ITC is set to go off a cliff on December 31, 2016. As of right now, the tax credit will no longer be offered after that date. There are organizations fighting to save the ITC like SEIA (Solar Energy Industries Association), but it is unknown at this point if their efforts will be successful. It’s best to take action now before it’s too late.

What You Can Do Now

If you’d like to learn more about your potential savings, let us know by either calling us at 1-800-356-5686 or clicking here to send us a message. We’ll analyze your energy usage from the past 12 months and generate a Personalized Performance Financial Analysis specific to you that will show you how solar can help you reach your goals.

Interested in Learning More?

For more information on potential savings, click here to download our case study on solar’s financial and environmental benefits.

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