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Published byRonald Edwards Modified over 9 years ago
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Mark Harnett, VP Marketing
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Agenda I.Why Go Solar II.Tax Incentives I.Federal II.State III.Local III.Deadlines IV.Why Go Solar Now
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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
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Tax Incentives — Federal Source: http://www.energystar.gov/about/federal_tax_creditshttp://www.energystar.gov/about/federal_tax_credits http://www.renewableenergyworld.com/rea/blog/post/2013/07/solar-costs-and-grid-prices-on-a- 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.
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Tax Incentives – Federal Continued Purpose: to kick start the solar industry industry growing at 76% compound annual growth http://www.seia.org/policy/finance-tax/solar-investment-tax-credit
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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.
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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
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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 www.irs.gov/formspubs.www.irs.gov/formspubs II. NEM Cap at 5% total. Currently, we are already at 2.6%. No news on whether the cap will increase in the future.
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Potential 2015 Tax Credits
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What Will Waiting For Solar Cost You? Annual Savings: $564
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http://cleantechnica.com/2014/09/04/solar-panel-cost-trends-10-charts/
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Q & A
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