The winds are changing in the solar industry. More people than ever opt for photovoltaic systems added to their homes, and the time to do so has never been better. Current trends with incentives and prices give homeowners an excellent return on their investment when adding solar. What are some of those trends and incentives?
Building Codes — beginning in 2020, California building codes require solar panels to be installed on most new homes. If you plan on buying or building a new home, a photovoltaic system is likely in your future, included as part of the home’s price.
Past Blackouts — during the hot months of 2019, residents of central and northern California had to endure rolling blackouts that turned off their electrical power, lasting anywhere from hours to days. The mere memory of this event has encouraged many to have solar systems installed, so they no longer rely solely on the electrical grid.
Solar Rebates and Incentives — 2021 has no less than five solar rebates and incentives that can help Californians with the initial cost of installing a photovoltaic system. Such programs include:
- Solar Tax Credit (also known as the Investment Tax Credit or ITC), allows coverage for up to 26% of the total system cost (in 2023, it drops to 22%);
- Net Metering, where your electrical utility “buys” any unused solar-generated electrical power,
- SASH (Single-family Affordable Solar Homes), which can cover most of the initial installation costs for eligible low-income single-family homes;
- MASH (Multi-family Affordable Solar Homes), which assists low-income multi-family dwellings and housing complexes, a selling point for property owners;
- SGIP, or Self-Generation Incentive Program, which gives you a rebate based on the amount of electricity you place in a storage system (like SunPower’s Sunvault battery system).
Along with these trends, the effective cost of solar panels and systems continue to drop due to improvement in R & D. Such lower costs mean that your electricity savings will overtake the initial cost of your solar panels much sooner. If you use the available rebate and incentive programs to help with that initial cost, your solar system will pay for itself in short order.
Solaron is happy to look up all the incentives, rebates, and assistance programs that your home and electrical needs qualify for. Our expert agents have up-to-date information on all the available programs. We also work with the most reliable solar systems on the market — Maxeon solar panels provided through SunPower. You get the best solar product for the best price, and the best warranty to back it up: a 25-year, all-inclusive solar system warranty.
No doubt you’d like more information. We’re ready to answer any questions you have. Give us a call at (408) 292-4328 in the Bay Area, and (916) 631-9293 in Sacramento. Or if you prefer, fill out our online form for a free solar analysis. Let’s catch some of these “solar winds” for you!