Solar for Residential

Create positive cash flow by installing a solar system

With a solar system installed on your house, you can eliminate your electric bill. The state will pay part of the system cost (approx. 30%), and the federal government will help with a 30% federal tax credit.

Click to view a Typical Residential Case Study

Federal Tax Credit will pay for 30% of the system cost.

On October 3, 2008 the President signed the Emergency Economic Stabilization Act of 2008 into law. The bill extends the 30% ITC for residential solar property for eight years through December 31, 2016. It also removes the cap on qualified solar electric property expenditures (currently $2,000), effective for property placed in service after December 31, 2008. The bill allows individual taxpayers to use the credit to offset AMT liability, and to carry unused credits forward to the next succeeding taxable year. Click here to view more information about the tax credit.

The state of California pays for about 1/3 of the system cost.

As part of Governor Arnold Schwarzenegger's Million Solar Roofs Program, California has set a goal to create 3,000 megawatts of new, solar-produced electricity by 2017.

“The California Solar Initiative offers cash incentives on solar systems - currently, $1.90 a watt for existing homes. California Solar Initiative incentives, combined with federal tax incentives, can cover up to 50 percent of the total cost of a solar system.”

Act quickly on getting your Solar Electric System as the State Rebates are falling every few months.

Increase the value of your house

A decrease of $1,000 in yearly energy consumption increases the value of the house by $20,000 (Appraisal Journal, October 1999). While a kitchen remodel increases the amount of property tax paid on the property, a solar power system is exempt from any property tax increase.

Invest wisely for big returns

A solar power system on your home is a long term, low risk, high return way to invest your money. Solar offers an initial tax free annual return on investment from 30% to 40%. This is far higher than high risk investments such as stocks and bonds. As utility rates increase, the annual return increases.

Shield yourself from rising energy costs

In 2006 the highest tier electric rates increased by 40% to 60% in California. With a solar system installed you will be able to shield yourself from ever increasing electricity costs. You will know exactly how much you will pay each month. The solar systems do not have any moving parts and therefore have nearly zero maintenance cost. Solar panels have a life of 40 to 60 years.

This graph illustrates the historic increase in California’s electric rates from 1970 through 2006 for residential and commercial users.

In most cases, the payments on the financing will be less than the monthly electric bill that you are paying. As the cost of electricity goes up, so does your savings.

If you install a solar system and finance it, your monthly loan payments will not change for the term of your loan. Most clients get a home equity loan for a solar system. In most cases the payments on the financing will be lower than the monthly electric bill that you are paying. As the cost of electricity keeps increasing your savings will also keep increasing.

Reduces greenhouse gases.

Generating electricity from solar energy reduces your consumption of fossil fuels, which decreases pollution and greenhouse gas emission. By switching to solar power, you will combat global warming and reduce our nation’s dependence on foreign energy sources. Even a small solar electric system has a significant environmental impact. For example, a 2.5kW solar system reduces CO2 emissions by an amount similar to that which would occur by planting 1 acre of trees, or the amount of CO2 emitted by a passenger car driving 7,800 miles per year.