Solar Incentives
Working your way through all the state, federal and utility based rebate programs for solar power and renewable energy systems takes an expert! The expert you can depend upon is HelioPower. Through nearly 2000 solar installations our team has calculated, applied for and managed the process of rebate programs for residential and commercial clients.
In addition to calculating and applying for all available incentives, we are also experts at calculating your solar power system’s return on investment (ROI) and internal rate of return (IRR). IRR analysis allows you to properly evaluate your solar energy system as an investment as compared to other conservative investments such as savings accounts, certificates of deposit, Treasury bonds, and other interest bearing bills or accounts.
Rebates and investment returns vary dramatically across utilities and geographic areas. Your solar energy consultant is an expert in your geography and is intimately familiar not only with your specific utility rebates and tariff schedules, but also any additional rebates, incentives, and financing offered by your local jurisdiction.
Tax Credits
The Federal Government allows solar PV customers to take a 30% tax credit against their ‘out of pocket’ system costs. This amount is generally 30% of the system cost less the utility rebate amount and other incentives. Residential solar customers have two years to monetize the tax credit. HelioPower highly recommends consulting with your tax professional so that you can fully understand how the federal and state tax credits, if applicable, apply to your specific tax bracket and situation.
Performance-Based Incentives and Feed-in Tariffs
Customers can elect to be paid for their solar panel system’s performance over time by choosing a Performance Based Incentive (PBI) over the lump sum ‘upfront’ rebate. PBI is generally paid over 60 months multiplies actual system production by a fixed price per kilowatt hour produced. Feed-in Tariffs, which are popular in Europe, pay customers a premium per kilowatt hour over the retail rate. Several states are looking at feed-in tariffs as possible incentives to drive solar adoption in the future. Currently in California, AB 920 legislates utility payments to solar customers who generate excess solar electricity on an annual basis.
HelioPower Referral Program
All HelioPower clients can generate a Referral Bonus. Send us a new customer and we will write you a check when their system is installed.
Talk to your HelioPower Solar Energy Expert for more information, call us today at 87-SOLAR-888 or click here!
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