You may have heard that LADWP put its solar rebate program on hold. But for those of you in Southern California Edison (SCE) territory, your chances at scoring amazing solar rebates are much, much higher.
In fact, SCE still offers the best solar rebates in Los Angeles (and all of California, for that matter). Through the California Solar Initiative, qualifying homeowners receive $1.10 per watt of solar energy installed.
So, if solar costs an average of $6 per watt, that’s a little over 18% saved on your installation. Add to that the 30% return from the Residential Renewable Energy Tax Credit, and you’ve eliminated nearly 50% of your total costs.
For example, if your system costs $25,000, you would pay only $12,500 after rebates.
State rebate savings = ~20% Federal tax credit savings = 30% Total incentives = ~50%
This is phenomenal, considering that many U.S. rebate programs have been reduced, halted or cut altogether due to overwhelming demand. PG&E in Northern California and California Center for Sustainable Energy (CCSE) currently offer only $0.65 per watt, or about 11% savings.
Solar Rebates are Going Fast
It’s important to note, however, that these rebates won’t last forever. SCE incentives have reached 42% capacity, so when those remaining rebates are assigned, incentive levels drop down to the next level, or $0.65 per watt.
You can check the Statewide Trigger Tracker for updates on how much rebate money is left. The sooner you find an installer, the less your system will cost. Estimates are easy to come by, and can be had for free by clicking here.
Not sure if your home qualifies for rebates from SCE? County territories include much of Los Angeles, Orange County, Santa Barbara, San Bernardino, Riverside, Ventura, Kern, Tulare and Inyo.
We recommend getting your roof examined for solar potential. A licensed installer can assess whether your roof gets enough direct sunlight for solar collection, among other factors.
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