What incentives are available to help reduce my solar system cost?
California offers a rebate through the California Solar Initiative. It is designed to drop once a certain number of megawatts have been funded. If you act quickly, you will get the highest rebate available. Currently this rebate is $1.55/watt for home owners and $1.10/watt for businesses. Rebates can cover up to 15% of your system cost. Solar Works offers to carry this rebate for you so you can lower your out-of-pocket investment. If you take the rebate directly, you will be issued a 1099 form from the state and the rebate will count as income for tax purposes. Solar Works offers to carry the rebate for you, so you don’t have to bear the tax burden, or wait months for payment. In addition, the federal government offers a 30% investment tax credit for residential and commercial installations. Five year accelerated MACRS depreciation is also available to businesses installing renewable energy systems. Consult your tax specialist to discuss your eligibility. Solar PV systems are exempt fr
Arizona offers a rebate through APS and SRP. The State Rebate for APS is $3.00/watt DC wattage. This can go down depending on shade, azimuth and angle on a roof. This rebate will cover up to 50% of the cost of the system and caps at $75,000.00. One Way Solar offers to carry this rebate for you so you can lower your out-of-pocket investment. If you take the rebate directly, you will be issued a 1099 form from the state and the rebate will count as income for tax purposes. One Way Solar offers to carry the rebate for you, so you don’t have to bear the tax burden, or wait months for payment. In addition, the federal government offers a 30% investment tax credit for residential and commercial installations. Five year accelerated MACRS depreciation is also available to businesses installing renewable energy systems. Consult your tax specialist to discuss your eligibility. Solar PV systems are exempt from property taxes in California (CA RTC, Section 73). While the value of your house or bus
