By Jeremy Pearl
If you’re considering installing solar panels, you might be wondering about the costs.
And if you’re worried about being able to afford solar panels, don’t worry – there are ways to reduce your out-of-pocket investment.
Thanks to a few prominent Cupertino solar panel rebates, you can save money on the installation of your Cupertino home solar system.
In this blog, we’ll discuss a few of the most popular solar panel incentives you can take advantage of today.
Let’s dive in.
The Cupertino climate action plan wants to make clean energy available to everyone.
Fortunately, these rebates are helping to support that goal:
The federal residential solar energy credit is a tax credit issued by the federal government. Customers who install solar panel systems can claim this credit when they file their federal income taxes for a portion of the system’s installation costs.
To claim the credit for a given calendar year, your system installation must be completed during the tax year, and the system must generate power for a home located in the US. There is no maximum amount a homeowner can claim.
In December of 2020, Congress voted to provide a 26% tax credit for systems installed between 2020-2022, and a 22% credit for systems installed in 2023.
Unless Congress votes to renew it, the tax credit is set to expire in 2024, so you need to act soon if you want to maximize the benefits of this program.
SGIP stands for Self-Generation Incentive Program. Offered by the California Public Utilities Commission (CPUC), the SGIP provides incentives designed to support “new, existing, and emerging distributed energy resources.”
The SGIP program offers rebates for qualifying energy systems, including battery storage systems, wind turbines, internal combustion engines, and more.
The CPUC has authorized upwards of $1 billion in funding for SGIP through 2024. This funding helps prioritize energy storage systems in high fire-threat areas, and in communities that have had their public utilities shut off twice or more due to fire danger.
The funding also extends additional resources to medically vulnerable and low-income families and customers.
To learn more about qualifying for SGIP, visit this page.
The SASH program’s incentive is currently $3 per watt. To be eligible for SASH, applicants must meet the following criteria:
Solar panels don’t have to be out of budget. With these solar and battery rebates offered to Cupertino residents, you can save thousands on the total installation of your solar panel system.
In addition to available rebates we can also help you access a solar loans with reasonable rates and in some cases no payments for 12 months for qualified borrowers.
Keep in mind that rebates can change at any time, though, and some are set to run out entirely in the next few years. That means it’s smart to move quickly if you’re interested in Cupertino clean energy. The sooner you install your solar panels, the more likely you can benefit from the rebates you’re interested in.
To learn more about solar panel installation in Cupertino, or to get a quote for your upcoming project, contact Sandbar Solar & Electric. Our team will help you understand your solar options and create an array that meets your needs.
Jeremy has worked in the solar industry since 2006. He has a Bachelor’s Degree from UC Santa Cruz in Environmental Studies. Jeremy has spent most of his solar career in residential sales and Sales Management in both California and Hawaii. He was raised in Santa Cruz County and is passionate about helping local residents make the switch to clean and reliable renewable energy. Jeremy lives on the Westside with his wife and two boys and enjoys music, photography and hiking in his personal time.
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