Some of America's most successful companies are going solar and so could you!
Tax Credit: A 30%
federal tax credit helps reduce the upfront cost of solar for businesses.
Accelerated cost-recovery and bonus depreciation further increases the
return on investment. Business owned systems may
also be eligible for MACRS 5-year Accelerated Depreciation using IRS federal
form 4562 available at www.irs.gov/formspubs.
For additional information, click here
and contact your tax preparer or a tax attorney.
Solar Water Heating Rebates: Eligible solar
domestic hot water systems can receive a rebate from SoCal Gas for $25.00 per
therm saved, up to $800,000. More info at the SoCalGas website: www.solarwaterheating101.com
SoCalGas (Solar Thermal) Southern California Gas Company Rebates
- Multi-family dwelling and commercial customers is $500,000 max.
Under state-wide solar "net-metering" legislation California utilities are required to credit customer electric bills at full retail rates for each kilowatt-hour (kWh) of grid-connected solar power generated on the customer premises.
Apogee Electronics' 28 kW system is also backed up by battery storage to keep operations
running should utility power be interrupted.
Leasing and Financing
With available lease and loan financing, solar energy is generally cheaper per kilowatt hour than conventional energy from your utility. Commercial financing is available in the form of: Solar Leases, Power Purchase Agreements, Solar Loans, and Property Tax Assessments.
Plan Your System
Sunny roofspace is required. Look up your address at the LA County Solar Map. If you think there is an error in the aerial image, call us for a personal assessment. The County Solar Map also has resources to help size your system and estimate annual savings.
Find a Contractor
If you're like most residents we talk to, buying solar is something brand new!
That's why Solar Santa Monica decided to go to the effort to find solar contractors who:
- meet city license and insurance requirements
- make personal visits before issuing a proposal
- carry the state solar rebate
- offer options for web monitoring and maintenance contracts
- offer standard warranties
- act in a professional manner
- have references available
- report on Santa Monica installations completed
We have solar electricity (photovoltaic), solar hot water (solar thermal), and solar pool heating experts
on our list. These contractors were screened and selected after a memorandum of understanding was agreed upon.
Our local contractors offer free site-visits. Call three so you have experience, bids, equipment, and
services to compare. Find a Contractor.
Shore Hotel uses solar thermal to heat water used for things like showers and laundry.