Discounts and Rebates for “Greening” Your Home
As a South Bay homeowner, going “green” can really pay off. Did you know that by investing in energy efficient equipment or installing energy systems there are rebate and tax credit programs you might qualify for?
Here are just a few of the many national and state incentive rebate programs available to residential homeowners throughout South Bay:
Residential Renewable Energy Tax Credit (national)
A taxpayer may claim a credit of 30 percent of qualified expenditures for a system – solar electric systems, solar water heating systems, fuel cells, geothermal heat pumps and wind-energy systems – that serves a dwelling that is owned and used as a residence by the taxpayer.
Residential Energy Efficiency Tax Credit (national)
This credit applies to energy efficiency improvements in the building envelope of existing homes and for the purchase of high-efficiency heating, cooling and water-heating equipment between 2009 and 2013.
Energy Upgrade California (statewide)
Homeowners can choose from two packages of available incentives from their local utilities and local governments, offering up to $4,000 for certain energy improvements.
Property Assessed Clean Energy (PACE) Program (statewide)
PACE programs allow property owners to borrow money for energy improvement projects which are repaid through their property taxes.
Property Tax Exclusion for Solar Energy Systems (statewide)
This program allows a property tax exclusion for certain types of solar energy systems installed between 1999 and 2016, paying up to 100 percent of system value.
Residential Energy Efficiency Rebate Program (statewide)
The LADWP offers a variety of rebates for qualifying energy efficient equipment in homes through the Consumer Rebate Program.
California Solar Initiative – Solar Thermal Program (statewide)
This state rebate program is an incentive program of various levels for solar water heating systems that will replace natural gas and electric water heaters.
For additional available discounts and rebates, visit the Database of State Incentives for Renewables & Efficiencies and Energy.gov.