pays for up to
50%
of your solar system!
Get a 30% tax credit from the IRS
The new Stimulus Bill, which passed in February 2009, is great news for homeowners switching to solar. You get a tax credit worth 30% of the total cost of the system—which could result in thousands of dollars back, and it means the tax incentives and solar rebate programs are now better than ever.
Save even more with state solar rebates
The sooner you install solar, the more you’ll save. Utility companies, like SCE (Southern California Edison) and LADWP (Los Angeles Department of Water & Power) are offering solar rebates worth $1000s—but rebate are starting to drop as the demand for solar increases. So act now for the greatest savings with a solar rebate program. There really is no better time to go solar!
Increase your home’s value without increasing your property tax
Because the state is encouraging Californians to use cleaner, greener energy, they’re giving homeowners a property tax break for solar installations. Even though solar increases the value of your home—your property taxes won’t increase.
To learn more about other rebates offered in California, you can visit DSIRE (Database for state incentives renewables and efficiency)
Take a look at the potential savings on a new solar system:
| Solar Savings with Verengo |
| Costs are for example only |
| Initial Cost | $ 40,175 | |
| Energy Rebate | $ -8,267 | |
| Federal Tax Credit | $ -9,572 | |
| Net Cost | $ 22,335 | Almost 50% savings |
| Annual Energy Bill Savings | $ 1,702 | |
| ROI (pre-tax) | 17.9% | |
| Property Value Increase | $ 34,045 | No property tax increase! |
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