San Francisco Approves Solar Incentives

The program will offer residents $ 3000 – $ 6000 for the purchase of solar energy systems, business organizations can receive up to $ 10,000 for installing a solar photovoltaic system. The city designated $ 3.5 million to fund the program for 10 years. They are also planning a pilot program of $ 1.5 million, a one-year program to fund nonprofit organizations, and low-income developments to choose solar photovoltaic installation.

In announcing the new legislation in San Francisco, the Mayor Gavin Newsom said he expected that within 10 years of repayments can increase the number of solar panels in the city about 750 to 15,000 and add 50-megawatts of energy supply electricity from the city.

According to an article by the San Francisco Business Times, a solar photovoltaic system costs about $ 30,000 in San Francisco (which includes the components and facilities). The incentives for solar energy, but the federal tax credit of $ 2000 (which has not yet expired), and reimbursements from the state of California solar can reduce the cost to the resident at least 40%. To take into account, residents may join banks offering low interest loans for solar installations.

San Francisco is the first municipality in the nation that offers such a program of large-scale redemption.

In addition, the city combines the highest residential incentives to “green jobs.” Residents and businesses that hire an installer program graduates working for the development of San Francisco are eligible for higher reimbursements.