5 :: Incentives & Rebates
Federal Tax Credit
The Federal Government offers businesses a 30% tax credit that can be redeemed as a cash grant or used as a credit. As with all solar related incentives, Lamb Energy is happy to help its clients with obtaining the available credits or funds.
Municipal Publicly Owned Utilities
Each municipal utility located in California offers a rebate program that incentivizes their customers to install a solar power system. If you are a municipal utility customer and would like to know more about the current solar rebate offered by your utility, please contact us.
California Solar Initiative (Investor Owned Utilities)
The California Energy Commission launched the California Solar Initiative in January of 2007. This program requires that each investor owned utility provide a rebate for customers who install a solar power system. For SoCal Edison, PG&E and SDG&E customers, there are two separate rebate programs:
Expected Performance Based Buy down (EPBB)
This program provides a one-time, upfront incentive for solar power systems less than 100 kW. Rebate amounts are determined by the expected performance of the system. Expected performance is calculated based on equipment rating and installation factors, such as geographic location, tilt and shading.
Performance Based Incentive (PBI)
This program provides monthly incentive payments based on energy production over a 5-year period for solar power systems 100kW or greater, although any other size system may also opt into the PBI incentive structure.
The rebates available under this program decrease as new customers apply for and receive funds. The sooner you install your system, the greater the rebate amount. Ultimately, the rebate amount will decrease to zero. Don't miss out on this great opportunity to increase your return on investment.
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