mehr Solar Inc. 1-888-MEHR-SUN - 1-888-634-7786 A Clean Energy Corporation - Turnkey Low Cost/High Value Solar Systems Integrator

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Residential - Tax Credits and Rebates

Federal Tax Credit
30% Federal Tax Credit with a maximum of $2,000. Tax incentives include tax credits and depreciation. The Federal Investment Tax Credit for Residential is 30 percent of net system cost, capped at $2,000. It is a one-time credit, but may be carried forward (and possibly back) if not completely useable in the system installation tax year. Check to make sure it is still available.

http://www.irs.gov/pub/irs-pdf/f5695.pdf

Utility Company Rebates and Incentives http://www.sgip-ca.com/

Southern California Edison’s Solar PV Rebate Program rebates 45% to 75% of PV System costs.

The Expected Performance-Based Incentive (EPBI) for affordable housing projects is approximately $3.50/watt for individual residential units and approximately $3.30/watt for systems on common areas if the PV system primarily serves the residences.

http://www.gosolarcalifornia.ca.gov
On November 17th, 2007, the CPUC adopted the CSI Single-Family Low-Income Incentive Program. The Single-Family Low-Income Incentive Program will provide incentives for solar PV systems from $4.75 to $7.00 per watt to qualifying low-income homeowners.

http://www.gosolarcalifornia.ca.gov

The CPUC is currently developing a plan for solar PV incentives for multi-family, low-income housing.

City Rebates are in lieu of State Incentives but do not include the Federal Tax Credit.

For Instance, Check the City of Riverside or Colton
http://www.dsireusa.org/library/includes/map2.cfm?CurrentPageID=1&State=CA&RE=1&EE=1

Financing Options
Please ask your Mehr Solar Representative about financing options. These include leasing, power purchase arrangement, line of credit, second lien, or straight out purchase. Oftentimes, you can pay the same or less than you are already paying for electricity.