Despite the current financial crisis, going solar is a solid reliable investment for your home or business.
Since your roof is probably never 'going anywhere' solar electric panels are probably the best secured investment you can make in todays market. Compare going solar to traditional higher risk investments that seem to be becoming less desirable. Along with increasing your property value, going solar will protect you from rising electric rates. Now coupled with the state rebate and federal tax credits solar is a very smart long term investment.
California has limited funds for these programs, and the rebates become less generous as participation increases. If you are able to order and connect soon you will be getting the best of both worlds!
Combine the federal tax credit with the state rebates and you can save yourself a large portion off the cost of going solar that ranges anywhere from 40% in San Diego on upwards to 80% in Los Angeles.
California Solar Initiative rebate of $0.65 up to $2.35 per /watt this is a rebate that is paid directly to you.
Propety owners receive a generous federal tax credit for 30%. On an average system this will result in a savings of atleast $10,000!
A solar electric system on a typical home with 20 solar panels (4 Kilowatts or 4000 DC Watts) would cost around $30,000.00. Now the state rebate (CSI) would be around $2,700.00 and the Federal Tax Credit would be around $9,000.00.
The final cost would be less than $18,300.00
Which makes the total paid for system about $7.50 per DC watt before rebate and tax incentives.