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California regulators on Thursday revised their proposal for rooftop solar systems credits, a contentious matter as the state tries to expand renewable energy and respond to critics who want more ...
Gov. Gavin Newsom's appointees voted unanimously to reduce payments to homes and businesses that go solar.
The CSI initially offered cash incentives on solar PV systems of up to $2.50 per AC watt. These incentives, combined with federal tax incentives, could cover up to 50% of the total cost of a solar system. The incentive program was designed so that the incentives would reduce in steps based on the amount of solar installed in each of 6 categories.
And state regulators with the California Public Utilities Commission have taken a more controversial approach: drastically cutting financial incentives for homeowners looking to install solar.
CT Solar Lease owns and sells the RECs generated by the system, but turns over all but $15/REC plus 100% of the sale over $30 or 50% of the sale of the REC up to $30/REC to the homeowner in a Solar Dividends account for maintenance and to allow the purchase of the system at the end of the lease. RECs have been selling for from $18 to $24 each.
Unless you are considered low-income with less than $40,000 a household, Del Chiaro said the only incentive available for California residents is the federal tax credit which subtracts 30% off the ...
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