Call Us Today : 800-528-0655
If you are considering “going solar” at your home or business, there is no better time than now. On this page, we have provided up-to-date information on the available solar tax credits in Los Angeles and elsewhere in California. We break down the benefits that both state and federal government incentive programs offer, so you can get a full picture of the savings that could be in store when you install solar panels or a solar battery.
This program allows you to claim 30% of the total cost of your solar installation project on your federal taxes. While this amount is not a refund, it can be a discount of thousands of dollars on your taxes. Plus, there is no cap on how much you can claim. The federal ITC is available until 2035, but the 30% credit will begin to decrease incrementally in 2032.
NEM works by granting utility customers credit on their electric bills for any excess power their solar technologies produce. This means that if your system provides more electricity to the grid than what you use, you get credited for the difference. The amount you can receive through NEM depends on your utility company. The Los Angeles Department of Water and Power (LADWP), Southern California Edison (SCE), Pacific Gas & Electric (PGE), Sacramento Municipal Utility District (SMUD), and others offer NEM benefits.
There are a variety of available incentive programs and solar tax credits in Los Angeles, Simi Valley, and elsewhere in California.
These include, but are not limited to:
This is available to SCE, PGE, and San Diego Gas & Electric (SGE) customers who live on tribal lands or in a community that is among the top 25% most disadvantaged in the state. Those who are looking to utilize this incentive program must also meet income requirements.
Home or business owners that have installed a solar battery can get a rebate from this program. The amount depends on the size of the battery. It is also a tiered program and the value of the rebate changes based on how many batteries have been installed across the state. To date, you can receive a rebate of thousands of dollars by bringing an energy storage system to your home or business.
As part of the SGIP, these two budgets can provide additional rebates for battery installations to a variety of people, businesses, and organizations. Low-income households, those living in areas at risk of fires and public safety power shutoffs (PSPS), and individuals on tribal lands can receive funds from these two budgets. Businesses and organizations that perform critical services in areas that fires or outages frequently affect are eligible as well.
Through 2024, those who are installing a new solar energy system or constructing a building that features one can exclude increases to their property taxes.
With all these great incentive programs, there is no need to wait to “go solar.” At Mega Power Electric Inc., we are the solar experts in Los Angeles and Simi Valley, and we can get you set up with a system that is perfect for your residential or commercial property. To get a free estimate for your installation project, all you have to do is reach out to us. If you accept, we can get started immediately and help you maximize your savings. We also offer great financing options that can make it even easier to get the exact solar technologies you want.
Schedule regular maintenance with Mega Power Electric Inc. to ensure your solar energy system continues to provide clean, renewable energy for years to come.
At Mega Power, we help you take advantage of all of the solar opportunities that the Golden State has to offer. As a full-service solar and electrical contractor, we manufacture, install, and service the panels and solar energy equipment you need to save money, increase efficiency, and live a more sustainable life.
7661 Densmore Ave
Ste 6
Van Nuys, CA 91406
Monday – Friday : 7am – 7pm
Saturday – Sunday: 7am – 7pm