Mark Harnett, VP Marketing

Agenda

I. Why Go Solar

II. Tax Incentives

I. Federal

II. State

III. Local

III. Deadlines

IV. Why Go Solar Now

2015 New Year’s Solar Resolution

Why Go Solar?

I. Save money for years to come

II. Pay nothing to start saving

III. Energy independence

IV. Increase Your Property Value

Tax Incentives — Federal

Source: http://www.energystar.gov/about/federal_tax_credits

http://www.renewableenergyworld.com/rea/blog/post/2013/07/solar-costs-and-grid-prices-on-a-collision-course

Currently, federal government is covering 30% of the total system cost (through end of 2016) down to 10% starting in 2017

The U.S Gov. invested approximately $300 million on solar in California last year.

Tax Incentives – Federal Continued

Purpose: to kick start the solar industry industry growing at 76%

compound annual growth

http://www.seia.org/policy/finance-tax/solar-investment-tax-credit

State Incentives — Net Energy Metering (NEM)

NEM Cap: 5% NEM Cap Currently Used Up: 2.6%

The CSI (California Solar Initiative) was enacted in 2008 to provide $.20 per Watt.

Tax Incentive — Local

City: Local Incentive

• San Francisco: $.71 per

Watt

• Anaheim: $1.25 per Watt

• Pasadena: $.85 per Watt

• Healdsburg: $.62 per Watt

• Glendale: up to $1.61 per

Watt

• Palo Alto: $0.80 per Watt

Deadlines

I. The federal solar ITC for residential system owners is 30% of the

total system cost until end of 2016, then it goes down to only 10%.

- The IRS current federal tax form for the Investment Credits

is Form 3468, available at www.irs.gov/formspubs.

II. NEM Cap at 5% total. Currently, we are already at 2.6%. No news

on whether the cap will increase in the future.

Potential 2015 Tax Credits

$19,882

$9,378

$2,000

COST OF A 7KW SYSTEM

Local Credit

Federal Credit

Investment

What Will Waiting For Solar Cost You?

Annual Savings: $564

http://cleantechnica.com/2014/09/04/solar-panel-cost-trends-10-charts/

Q & A