Solar energy harnesses huge potential for supplying power, as studies show that covering approximately 4 percent of the earth's deserts with solar panels could fulfill the world's energy needs. While reducing the dependence on fossil fuel and finding ways to minimize our environmental impact are motivating many to install solar panel systems in their homes or offices, so too are the various financial incentives associated with the installation and use of solar energy systems.
Solar Tax Incentives
The federal solar investment tax credit (ITC) allows owners of solar energy systems to use up to 30 percent of the cost of their solar system as a 1-to-1 offset of their tax liability either all at once or over a period of time until the credit is exhausted. Although the federal ITC is not considered a "write off," it can still save owners of these alternative energy systems a significant amount of money while giving them the flexibility to choose when to invoke the tax credit.
California Solar Energy Incentives
In addition to the federal solar tax credit, the state of California offers system owners financial incentives that are based on the efficiency and performance of their solar panels. In many cases, the California solar incentives are paid out over several years, and amounts paid out are generally based on a dollar-per-watt basis. Together, the federal solar tax credit and the California solar energy rebate can help owners pay for as much as 40 percent of the cost of their system.
Enrolling in Solar Incentive Programs
In Orange County and throughout Southern California, the state-certified, skilled technicians at Sullivan Solar Power are dedicated to:
- Designing, building and maintaining solar panel systems that meet or exceed our clients' energy needs while still fitting within their budget
- Helping clients enroll in all applicable financial incentive programs so they can save as much money as possible when installing and using solar panels
- Seeing every project through from concept to completion and well after, as we offer a 25-year warranty on all of our installations, equipment and service
We invite you to learn more about the environmental and financial benefits associated with the use of solar energy systems by consulting with one of our experienced technicians. Contact a leading solar power contractor in Orange County today by calling Sullivan Solar Power.