You may be able to save thousands of dollars in up-front costs by reducing the size of the system you will need to install for your property. The single most important thing you can do to reduce the cost of a solar system is reduce your electricity usage through simple, low-cost energy efficiency measures. AMP's energy efficiency tools can help you to reduce your base usage. Click here to find out how to prepare your property before installation...
Alameda Municipal Power (AMP) is offering $4.2 million in rebates over 10 years, from 2008 through 2017, in support of customers that install solar photovoltaic (PV) systems that meet AMP’s engineering criteria for system interconnection.
Due to a highly positive response from our residential customers, all residential solar rebate funds through 2017 have been reserved, and AMP is no longer accepting new residential solar rebate applications. If any projects which have reserved solar rebate funds are withdrawn or cancelled, new applications will be accepted on a first-come, first-served basis. By applying for interconnection, your system is automatically placed on the waitlist for re-opened funds.
Did you know that there is additional help to make solar installations affordable? Ask your solar contractor about additional options.
Federal Investment Tax Credit
Provides a tax credit of up to 30% of the net cost of the qualified system installed. Find out more...
Leasing or Power Purchase Agreements
If owning a PV system is not a financially feasible option for you, consider a lease or power purchase agreement (PPA). With a lease, someone else owns the equipment and you pay to lease it. Most leases eliminate high up front costs because most require little to no down payment. With a PPA, someone else owns the equipment and you pay for just the power it generates, usually at an annual pre-negotiated price. With either option, the PV vendor is responsible for installation and maintenance of the equipment.
Check with your own financial institution. There may be green loans, home equity loans, personal loans, and other loan products. Your solar contractor may also have existing relationships with lenders with which they do business.
Search the Database of State Incentives for Renewables and Efficiency (DSIRE) for more information on these and other incentives and financial options. The database lists most resources for California at the city, county and state levels. Find out more...