Electricraft, Inc. has announced the continuation of financial incentives that are available to help install solar for San Luis Obispo County property owners. Electricraft can help property owners take advantage of these low-interest loans and financing programs.
The California Property Assessed Clean Energy (PACE) program makes it possible for property owners to install solar and other green initiatives with no credit checks and no down payment. The loan is repaid through a property tax assessment.
The term of the financing for the PACE program can range from five to 25 years. Both residential and commercial property owners can realize immediate savings on energy costs while paying for their solar panels. Even with the temporary increase in the property tax assessment, most property owners start keeping extra cash in their bank accounts right away. The PACE program was first enabled in 2007 with the passage of AB811, amending the law to allow financing to install green initiatives, including solar in San Luis Obispo and throughout California.
In 2010, state legislators passed SB77, which set up the state’s Loan Loss Reserve Fund for residential PACE programs. Residential and commercial PACE has flourished in the state since then, financing over $2 billion for clean energy improvements throughout the state.
Federal tax credits for solar installations are also available as part of the 2008 Emergency Economic Stabilization Act, authorizing $18 billion in incentives for clean and renewable energy technologies. The 2008 legislation extended the solar investment tax credit (ITC) through December 31, 2016. Legislation in late 2015 renewed these credits for five years with an incremental de-escalation of the credits.
Property owners wishing to take advantage of the solar ITC should discuss this matter with their tax professional.
The solar professionals at Electricraft, Inc. have years of experience, training, and certification for installing solar for San Luis Obispo county property owners. There’s never been a better time to invest in a solar energy system for home or business. The Electricraft team of qualified solar technicians will work diligently to answer all questions and assist with:
- High quality and custom solar panel designs
- Free estimates
- Rooftop and ground mount systems
- Turnkey design, permitting and installation
- Troubleshooting service and maintenance
Contact Electricraft today for more information about starting a solar installation for your property.
200 Suburban Rd., Suite A
San Luis Obispo, CA
This press release is by San Luis Obispo SEO company Access Publishing, 806 9th Street, #2D, Paso Robles, CA 93446. (805) 226-9890.