California solar tax incentives
California Solar Tax Incentives Top the Charts
With one of the sunniest climates in the world and a nickname like the Golden State, it’s no surprise that California is the #1 solar state in the country.1 That’s thanks in part to California’s many solar incentives and state initiatives, making it a leader in clean energy policy. And with our debut of a revolutionary way to save on solar energy, we’ll not only show you California’s best incentives--we’ll share how you can maximize your energy savings so you can save big on time, solar power, and money.
California Solar Incentives, Rebates, & Tax Credits
| Solar Savings Types | Value of Savings |
|---|---|
| Federal Solar Tax Credit (ITC) | 30% of the total system cost |
| Local utility solar rebates | $0.20 to $1.25 per watt |
**Customer’s ability to monetize rebates, incentives and tax credits depends on several factors, including, without limitation, continued state subsidization of these policies, the applicable Sunrun product type, and whether a customer purchases or leases a solar system from Sunrun.
Extra Rebates from your Local Utility
The Los Angeles Department of Water and Power2 and Sacramento Municipal Utility District (SMUD)3 offer solar rebates based on the estimated performance of the home solar system. The utility company calculates the estimated production of the system and gives the homeowner a one-time payment for 20 years of production.
Federal Tax Credits
On top of California’s state solar incentives, you’ll also be eligible for the Federal Investment Tax Credit, otherwise known as the ITC, if you buy your own solar system outright. The tax credit amounts to 30% of the cost of purchasing your solar system, but only after deducting the value of your state rebates. However, ITC credits will begin stepping down from 30% at the end of 2019. The tax credit for systems in service after 12/31/19 will drop to 26%. After 12/31/20, it’ll drop even further to 22%.4 That’s why the time to go solar is now. But not to worry—we can help you maximize on all the solar savings available to you.
Own Your System and Your Savings
Our BrightBuy™ and BrightAdvantage™ plans give you the chance to buy your own solar system outright or through a hassle-free loan. We’ll create a customized agreement based on your individual needs. You’ll also get a free, custom solar design that meets the unique needs of your home and lifestyle.Whichever one you choose, we’ll help you take advantage of the California solar incentives that might be available to you. We’ll even handle the paperwork. All you have to do is sit back and soak up the savings.
See why other customers have chosen to go solar with Sunrun. Want to see how much you could save? Get your free quote today.
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