CSI incentives differ by customer segment and system size, and are intended to encourage high performing systems. CSI incentives will be disbursed based on current rates until market demand pushes the program to the next step, in which case incentives are reduced. For instance, once 70 MW of solar energy systems are installed in California, incentives will drop from $2.50 per watt to $2.20 per watt. This rebate is based on the AC watt size of the system. Once another 100 MW of solar energy systems are installed, incentives will drop to $1.90 per watt.. Incentive amounts will decline according to schedules set by each program, declining to zero by 2017. Harmony Solar will keep you up to date on the current rebate tier.
Government and Non-profit Entities are eligible for higher rebate amounts. Call Harmony Solar for the latest information.
For detailed information on the California Solar Initiative Rebate Program go to:
Solar Tax Credits
Currently there is a 30% federal tax credit available for the installation of solar. However, the credit for residential systems is capped at $2000.00. Business may use the entire 30% credit and are eligible to use accelerated depreciation to pay for the system.
For more information go to: http://www.irs.gov/newsroom/article/0,,id=153397,00.html