Solar Tax Incentives
Making Solar Power Affordable
When people choose to install residential or commercial solar power systems, they can take advantage of solar energy rebates and solar power tax credits that will reduce the cost of installation. Additionally, if people need funding for their solar power project, the government provides access to below-market rate loans. With solar energy becoming an increasingly affordable option, people should seriously consider using energy from the sun to power their homes and commercial spaces. By using solar electricity, people can
- lower or eliminate their annual electric bills
- lincrease the value of their property
- lreduce their impact on the environment

American Recovery and Reinvestment Act of 2009
In 2009, Congress passed the American Recovery and Reinvestment Act which allows eligible taxpayers to take the federal business energy investment tax credit (ITC) or receive a grant from the U.S. Treasury Department that can be applied toward the cost of installation for alternative energy systems. Under the Act, taxpayers that are eligible for the renewable electricity production tax credit (PTC) can receive a federal grant from the U.S. Treasury Department instead of using the PTC for new installations

California
Residential Solar Power Incentives in California
Passed into legislation on January 1, 2007, the California Solar Initiative offers rebates to people who use renewable energy, providing instant return on investment for people who install solar power systems. At first, the rebate was offered as $2.50 per watt, but now the rate is decreasing because more people are choosing to use solar energy. The California Solar Initiative rebate is offered to residents and businesses that are connected to areas that are serviced by Southern California Edison, San Diego Gas & Electric Company and Pacific Gas & Electric Company.