FURNACE – LANDING Ken Justo
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What are the Current Rebates?
A 30% federal tax credit is available for the purchase of a new PV solar power system. You must pay taxes to take advantage of a federal tax credit however.
There is a tax deductible county sponsored financing program available in many of the municipalities in San Diego County that allow homeowners to finance a new solar system. One of the unique benefits of this program is that the payment is made on their property tax bill and customers are not required to qualify with by traditional methods. There are no FICO required.
This program is called PACE financing. In much of San Diego County PACE financing is administered by a program called HERO and in Chula Vista Ygrene through a program called Clean Energy Chula Vista.
Warranties vary depending upon what type the solar system that you invest in and the way you choose to go solar.
If you lease or enter a power purchase agreement (PPA) your system will be worry free for up to 20 years. The installation and any future repairs are fully covered for the life of the lease or PPA. The system is also insured against damage from weather and acts of God.
If you purchase your new solar panel system; most systems come with a 25 year power production guarantee on the panels and anywhere from a 10 year to a 25 year guarantee on the inverters. Labor is typically covered for 10 years.
In most all cases, the answer is yes. Your new solar panels will produce power during the day but not at night so you will still be dependent your local utility to provide power during those times when your solar system is not producing enough power to offset your usage.
Yes, you can zero out your utility bill but will still receive a bill from SDG&E each month. At the end of 12 months your utility bill will be trued up (reconciled). SDG&E evaluates the amount of power that you produced versus the amount of power that you used and you will make a payment if your solar system produce less power than you used or receive a refund if your solar system produced more power than you used. This is all part of a Net Metering Agreement (NEM) with the utility company. This agreement is executed between you and SDG&E prior to activation of your new PV solar power system.
There no one hard fast answer to this question for many homeowners of lease could be the best way to take advantage of clean solar power. For others who are looking to be in their home prolonged period of time, or looking for a return on an investment, purchasing their solar system could be the best option. The best to start is with a free in home evaluation. Invite a trained professional into your home to evaluate your energy usage in your individual desires and pain points. From there options should be laid out explaining both a purchase and a lease. Armed with information, you should be able to make the best decision for your individual needs.