How does the California state rebate work?
The California state rebate is broken down into two rebate program options called the Expected Performance-Based Buydown (EPBB) and Performance Based Incentive (PBI). Both programs are administered by the California Solar Initiative (CSI). The EPBB rebate is a one-time, up-front incentive based on the expected electrical production of your system and is generally the option taken by homeowners. You will receive the rebate check 1-3 months after the system is complete. The rebate can also be ‘reassigned’ to Sequoia Solar so you are only responsible for the net cost of the project. The PBI rebate is typically taken on projects larger than 12 kW and is mandatory for projects over 50 kW. This rebate is paid back to the customer in monthly installments over 5 years and is based on actual production of the solar system. Monitoring systems within 2% tolerance must be used with installations utilizing the PBI rebate to monitor performance. As more homeowners and business owners purchase solar
