It's Ending in 2012: California Solar Initiative Runs Out in SD County

The California Solar Initiative is almost finished: check out the economics on why it's a strong option to check out before it's gone!

The California Solar Initiative is set to finally end this year for San Diego County Residents. Starting in 2007, the CSI created a declining subsidy designed to last through 2016. However as solar panel costs dropped, solar leases arriving on the industry scene, and solar purchases outpacing expectations, the program will end early perhaps even leaving the industry closer to standing on its own.
The subsidy began at $2.50 per installed watt, or about $12,500 for a 5kW home. This is currently at $0.20 per watt, or $1,000 for a 5kW system. Luckily for the industry, solar costs have actually fallen faster than the subsidy. The cost of a subsidized 6kW photovoltaic solar system in 2007 would have been around $40,000. Today, primarily because the price per watt has almost halved, an equivalent system could actually cost less; around $32,000 with no state subsidy.
This is seen by many as time to take advantage of California’s solar rebate before it runs out. We are currently on step 10, which is the final step for the California Solar Initiative rebate. As of today there is only 14% of the Step 10 remaining at the rate of $.20 per AC watt. That’s free money while it’s still available to you. As the average residential solar system is 5 kW, there is only room for 358 more reservations. With a signed contract, it's possible to lock in rebate money for you. If you are on the fence about solar, now is the time to act.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

RainWaterSystems October 07, 2012 at 06:17 PM
Ever wonder why you are bombarded with ads on the radio for solar? It's because the companies are the ones getting the tax incentives and rebates, not the homeowners. If they actually had to market their products unassisted by the government tax candy you would not be listening to two or three solar commercials p[er break on kogo. Solar is a good thing. But the subsidies going to the installation companies are not. It should be managed more like San Diegos rain water harvest rebate program where the customer must apply for the rebate after THEY have financed and paid for the system and the money goes to reimburse them, NOT to cheesy radio spots that are relentless and ultimately tax funded.
sheeple herder October 07, 2012 at 06:26 PM
The incentives go to the companies when they lease or rent the system. I'm looking at buying mine, I will get the tax breaks.
RainWaterSystems October 07, 2012 at 06:32 PM
The you Sir are ahead of the rest of the sheeple. :)
Stellar Solar October 07, 2012 at 06:51 PM
Hello RainWater Systems...sure, there are cheesy solar ads, just as there are cheesy car ads, furniture ads, and just about every other product out there. Have you heard a Stellar Solar ad? I write and produce them and our first rule is "no cheese". We want to educate and inform and our spots do just that without gimmicks or free ipads. Our marketing budget is, compared to other industries I've worked with, a VERY small percentage of total revenue. Customer referrals are still our largest source of leads. Solar does not make sense for everyone, but it does for a lot of homeowners. Stellar does not hard sell, we educate. Thanks, David Boylan - Artichoke Creative
sheeple herder October 07, 2012 at 06:59 PM
I think I may give your company a call too. Have two quotes so far an I'll see what you have to offer.
Stellar Solar October 07, 2012 at 07:02 PM
That would be great...we always encourage multiple quotes http://www.stellarsolar.net/going-solar-checklist.html
RainWaterSystems October 07, 2012 at 07:32 PM
Stellar, tone does not always convey well in text. I meant to be supportive of the local small business and of solar in general, and anti the large corporation working the federal tax subsidies. I actually think my product and yours are complimentary and should be jointly marketed. I am out canvasing when not booked and it would be easy to suggest solar to my clients that are interested in capturing rain and vis-versa. I think solar energy is vital and like water catchment, should be a part of every single home in America.
Stellar Solar October 07, 2012 at 07:44 PM
Great....I would be open to that conversation. Contact me directly at david@artichoke-creative.com Thanks


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