The state of California, which is one of the sunniest climates in the world, is very popular in terms of solar energy. Investing in solar in this region called the Golden State is a very smart venture going forward because the government is going to implement support loans and tax exemptions as much as possible with a carbon-free energy policy until 2045.
Home Solar Battery Rebate: Self-Generation Incentive Program (SGIP)
With this program, discounts are offered to households who want to buy solar batteries. The decision was extended by the government until 2025.
California Net Energy Metering: NEM 2.0
The Energy Metering program is also implemented here, but there is little difference. As it is known, this practice is based on the purchase of the energy produced from surplus by the energy company and the reflection of the cost on the invoice.
Extra Returns from Your Local Utility
Some municipal utilities in California offer solar energy returns based on the estimated performance of the home solar system.
Federal Solar Tax Loan
By 31 December 2020, you are eligible for a federal solar tax credit when you directly purchase your own solar energy system. Thus, homeowners who own a solar system are eligible for a 30% federal solar tax credit for the final cost of the system. However, you should act pace because this rate is 22% in 2021 and then it is planned to be lifted after 2021.
Sales and Use Tax
The 7.25% purchase/sale tax levied by the state in any trading event is not levied on the purchase of solar energy equipment. This gives you nice additional savings.