Orange Solar Program Ending November 16th – Act Fast!
Here at Remland Insurance we are passionate about our work environment and do our very best to conserve where we are able. Computers get shut down at night, lights and copier also go off when we close the office and our phone system even shuts down. Our employees all have one goal in mind, and that is not to waste valuable energy and power. There are ways you and your family can also choose to conserve energy this holiday season that you may not have even thought of yet!
Please allow us to introduce to you Sullivan Solar Power, the current operator of the Orange Solar Program here in the City of Orange. Sullivan is dedicated to helping residents obtain a solar system for their home and save on energy cost for years to come! The following information was given to us by Sullivan Solar Power…
“Solar energy is America’s fastest growing industry, increasingly 69 percent last year alone. New, flexible financing options, reduced solar panel prices and better incentives are causing rapid growth and increased deployment of distributed generation solar-powered homes across the nation. Rebate programs range from the federal and state levels to the hyper-local, all with the aim of making solar accessible for all homeowners.
The decreased price in solar panels can be attributed to the Federal Residential Renewable Energy Tax Credit and the California Solar Initiative State Rebate, which have helped change the value proposition of solar.
State rebates through the California Public Utilities Commission are currently still available through the California Solar Initiative. The incentives, however, are dwindling quickly and will eventually run out as the number of rebate reservations being submitted to the program continues to increase. The program is set up in 10 steps, and those who sign up first receive the highest incentives. In Southern California Edison territory, the state rebate is at the end of the eighth step, and is currently at $0.35 per watt.
Another attractive incentive to owning a solar power system is the federal tax credit, which provides homeowners a one-to-one credit against tax liability for 30 percent of the out-of-pocket cost. That means, if a homeowner installs a $20,000 solar project, they will receive a 30 percent credit, which is equal to $6,000 payable in April of the following year. The credit is able to carry from year to year until fully exhausted and is expected to last through 2016.
Locally, the Orange Solar Program provides a solution to the problem of diminishing incentives. It initially offered $0.25 per watt up to $2,000, and is now in the second phase, offering $0.12 per watt up to $1,000 to all program participants. Property owners in Orange and Villa Park are eligible to participate. The Orange Solar Program is administered by Sullivan Solar Power, a local company that successfully completed similar programs in Temecula, Murrieta, Huntington Beach and San Diego. The company is working to create a strong solar community within Orange by offering solar at no upfront cost with cash-back incentives. These incentives are higher than the state and federal rebates and accessible only to Orange and Villa Park residents. State and national rebates are available to all residents, but many are unaware that the funding is quickly diminishing as the number of reservations continues to increase. The hyper local Orange program is offering another incentive, in its second phase at $0.12 per watt up to $1,000 in addition to these federal incentives.
For instance, in Southern California Edison territory, the state rebate is currently $0.35 per watt. For a 5,000-watt system, the average size of a solar system in Orange, the homeowner would receive $1,750 for a solar system from the state rebate. In comparison, a homeowner in Orange could receive a rebate of up to $1,000 from the local Orange Solar Program. I recently spoke with Orange Solar Program participant, Richard Wharton who encourages his community members to take advantage of the solar program. “Edison will be changing energy costs every year, forever,” he said. “I like the constant energy costs solar provides.”
While all solar incentives available to homeowners have spurred the growth of renewable energy throughout our region and state, they will eventually come to an end. The Orange Solar Program incentive is the closest to our community, but the first to expire when it closes on November 16, 2012.”
For more information please contact Sullivan Solar Power at 949-387-3399 ext 291 or visit them online!