Solar energy systems have come a long way since the photovoltaic effect was discovered in 1839. As the systems became more effective at harnessing the sun’s energy and turning it into usable energy, it became practical for homeowners to install residential solar systems. Today, Yorba Linda solar power systems offer a cost-effective method for providing all of the energy needs of your home. If you are looking to save even more on the cost of a solar system, you’ll find that there are numerous solar rebates and additional cost incentives available in 2012.
Before taking a closer look at the solar incentives currently available, it is important to note that most solar incentive programs have a limit as to how much financial assistance they will dole out. Many programs have set goals that include a certain amount of money dedicated to increasing the number of solar systems installed in California. In other words, the sooner you act, the more likely you are to save more on your Yorba Linda solar energy system.
Let’s start with the federal solar rebates currently available. As part of the American Recovery and Reinvestment Act of 2009, the federal government has dedicated $787 billion toward such things as job preservation, job creation, fiscal stabilization, and energy efficiency. Under the energy efficiency portion of the act, this stimulus plan helps homeowners to receive a 30 percent tax credit on the cost of solar equipment and installation. The amount that you receive back from this cost incentive alone is likely to equal to several thousands of dollars.
Rebates on solar panels are offered through the California Solar Initiative program, which was initiated in 2007. The amount of savings you will be able to achieve will depend on your utility territory, the size of your Yorba Linda solar power system, what customer class you fit under, and several other factors. However, most homeowners find that they are also able to save quite a bit of money on equipment and installation through this program.
To save the most on your Yorba Linda solar energy system, find out what sort of cost incentives are provided by your local utility company. In most cases, you will discover that your utility company offers significant cost incentives and, when added to other cost incentives, you will save big on your energy-saving installation. Don’t forget about all the money you will save on your monthly utility bills!