Mark Harnett, VP Marketing
Agenda I.Why Go Solar II.Tax Incentives I.Federal II.State III.Local III.Deadlines IV.Why Go Solar Now
2015 New Year’s Solar Resolution Why Go Solar? I.Save money for years to come II.Pay nothing to start saving III.Energy independence IV.Increase Your Property Value
Tax Incentives — Federal Source: collision-course Currently, federal government is covering 30% of the total system cost (through end of 2016) down to 10% starting in 2017 The U.S Gov. invested approximately $300 million on solar in California last year.
Tax Incentives – Federal Continued Purpose: to kick start the solar industry industry growing at 76% compound annual growth
State Incentives — Net Energy Metering (NEM) NEM Cap: 5%NEM Cap Currently Used Up: 2.6% The CSI (California Solar Initiative) was enacted in 2008 to provide $.20 per Watt.
Tax Incentive — Local City: Local Incentive San Francisco: $.71 per WattSan Francisco Anaheim: $1.25 per WattAnaheim Pasadena: $.85 per WattPasadena: Healdsburg: $.62 per WattHealdsburg: Glendale: up to $1.61 per WattGlendale: Palo Alto: $0.80 per WattPalo Alto
Deadlines I. The federal solar ITC for residential system owners is 30% of the total system cost until end of 2016, then it goes down to only 10%. - The IRS current federal tax form for the Investment Credits is Form 3468, available at II. NEM Cap at 5% total. Currently, we are already at 2.6%. No news on whether the cap will increase in the future.
Potential 2015 Tax Credits
What Will Waiting For Solar Cost You? Annual Savings: $564
Q & A