Solar companies in Sacramento are at the forefront of the renewable energy revolution, providing innovative and sustainable solutions for homeowners and businesses alike. These companies offer a variety of financing options to make solar power more accessible to everyone. In addition, several incentives are available that can significantly reduce the cost of installing a solar power system.
One common way to finance a solar installation is through a solar lease or power purchase agreement (PPA). With this arrangement, you agree to allow a solar company to install panels on your property. The company then sells you electricity at a predetermined rate for the term of the agreement, which is typically 20 years. This allows you to enjoy the benefits of solar power without having to pay upfront costs.
Another option is taking out a loan specifically designed for home energy improvements. Known as Property Assessed Clean Energy (PACE) loans, these types of financing agreements allow homeowners to borrow money for energy-efficient upgrades such as solar installations and repay it over time through an additional assessment on their property tax bill.
In terms of incentives, there are several available at both state and federal levels that can help offset the cost of going solar. One significant incentive is the Federal Solar Investment Tax Credit (ITC), which allows you to deduct 26% of your installation costs from your federal taxes until 2022 when it will step down each year after.
California also offers its own set of incentives under its California Solar Initiative program. These include performance-based incentives, which provide payments based on how much electricity your system produces over time; and up-front rebates that reduce installation costs immediately.
Moreover, Net Energy Metering (NEM) programs offered by local utilities like SMUD or PG&E enable customers who generate their own electricity from solar power systems installed on their properties not only use that electricity but also feed any excess back into the grid in exchange for credits against future bills.
Furthermore, low-income households can avail themselves with additional incentives through programs like the Single-family Affordable Solar Homes (SASH) and Multi-family Affordable Solar Housing (MASH). These programs offer upfront rebates that can cover a significant portion of installation costs.
In conclusion, solar companies near me in Sacramento are making it easier than ever to switch to renewable energy. By offering flexible financing options and taking advantage of numerous incentives, homeowners and businesses can realize significant savings while contributing to a greener future. It is important for potential customers to research each option thoroughly or consult with a trusted solar advisor to understand which financing method and incentive program best suits their needs.
North Valley Solar Power
4640 Northgate Blvd #180, Sacramento, CA 95834
916-249-5223
