Rebates & Tax Incentives
Rebates and other tax incentives can cut the cost of solar, battery backup, and solar hot water for your home, allowing you to see a return on your investment faster than you ever imagined. But these solar rebates and tax incentives cannot last forever. As time passes and rebate funds expire, the consumer savings are also reduced. Don’t wait; go solar now. Here are just a few incentives available for residential solar power, solar hot water, and battery backup systems.
Rebates
SCE SGIP – $.20/Wh for battery backup systems.
SoCalGas SGIP – $.20/Wh for battery backup systems.
Federal, Investment Tax Credit
30% Energy Credit, IRS Form 5695 (Extended through 2032)
Federal, Agricultural Credits
10% Investment Credit, IRS Form 3468
Federal, Depreciation
Section 179 Deduction (up to $1,080,000 for 2022) IRS Form 4562
5-Year MACRS Depreciation
100% Bonus Depreciation
State, Property Tax Exempt
Solar installations are completely exempt from property tax.
(California Revenue and Taxation Code Section 6353.5)
Property Value
A historic increase of 3% in property resale value
ROI
5-7 year return on investment, 25 year positive after-tax cash flow
(It compares favorably to a 15% tax-free CD)
*As always, please consult your tax advisor.