In case you're currently considering a PV solar system, we're nearing the end of California's EPBB rebate at step 6.
What does this mean to you? It means the size of the state rebate you receive for installing a residential system will decline by 41% as we step down from a $1.10 per watt incentive to $.65 per watt. In terms of percentage change, this is the largest incentive decline we've seen in this program so far.
How long do you have to decide? Some solar companies are advertising that the remaining incentive will last only one month. That seems a little alarmist, but with the onset of spring, the end of tax season, and the end of the rebate itself, it's possible we see a surge in requests for the remaining incentives to be reserved for homowners. Remember, this is a big percentage step down.
How do you get the bigger incentive? Choose a system to install and have your solar company reserve your incentive at the current step. You will need to be in contract for a system, but making this move soon will reserve your place in Step 6 for a year.
If you'd like to track the progress of this depleting incentive yourself, go to
http://www.csi-trigger.com/
Watch this Blog for more updates on the rebate...
