Benefits - Tax Credits and
The following incentives are currently
applied to those states which offer the large rebates. The dollar
value goes down as the allocated budget decreases. For current
as of today incentive values please contact us or your local utility
company. All figures are valid as the start of program stated
State Incentive for Residential:
The California rebate started at $2.50 per AC watt on January 1st, 2007
as part of one million solar roof program of previous governor arnold schwarzenegger. The rebates
will drop per available budget in each of the 10 steps. System must be interconnected through
participating utilities. This rebate does not apply to state
municipalities; SMUD, LADWP.
The following two choices of incentive applies to California residents
by the three state municipalities of SCE (Southern California Edison),
SDG&E (San Diego Gas & Electric) and PG&E (Pacific Gas &
- Expected Performance Based
Buy-down (EPBB) Incentives:
As of 1/1/2007, the EPBB program started as a one-time up-front incentive of $2.50
per AC watt of the system purchase price.
- Performance Based Incentives
The PBI payment will be made on a monthly basis over the 5-years
period. These payments started as $0.39 per-kWh of the actual energy
(kWh) produced by the system.
Please note that the above rebates are
subject to drop. But as soon as the rebate application is filed, the home owners are locked-in with the
current rate on the day of applicaton approval. All systems
must be interconnected through participating utilities.
New Jersey State
Incentive for Residential:
The New Jersey Clean Energy Program started based on the following
- $3.80 per DC watt for systems less
than 10 kW
- $2.75 per DC watt for systems
between 10 kW and 40 kW
- $2.50 per DC watt for systems
between 40 kW and 100 kW
Beside the state incentives, the state of New Jersey also offers Solar
Renewable Energy Certificates (S-RECs) which are the clean attributes
that are made by the solar system that are sold to large electric
companies to meet their renewable standards. Mehr Solar will help you in better understanding the market as well
as offer long term contracts to ensure that you get paid.
York State Incentive for Residential:
The NYSERDA (New York State Energy Research and Development Authority)
are offering incentives to all residential customers who pay into the
SBC (Social Benefit Charge) collected by the major utility companies.
Following are the summery of the state incentives at the start of the
Incentive for Residential:
- $4.00 per DC watt for residential
systems less than 5 kW
- For additional capacity above 5 kW,
all residential incentives will be reduced by $1.00 per DC watt and
all residential incentives will be capped at 10 kW.
- All incentives are capped at 60% of
the total installed cost for all systems.
Beside the state incentive, the following federal incentive also applies
to solar system owners:
- One time Federal Tax credit of 30%
of the total system cost less the state rebate,
- Exemption from property tax
Please ask the Mehr Solar representative for available
financing and leasing options.