Customers of Moreno Valley Utility now have another reason to consider solar – a rebate that can cut the cost of their installation by 40% or more. On August 26, 2008, the City Council approved the “2008 Solar Special Program,” designed to help MVU customers at the same time it is helping the City meet its renewable energy goals.
“Our Solar Special reflects the basic standards set by the California Solar Initiative,” declared George Hanson, Moreno Valley Electric Utility Manager. “But we wanted to make our rebate more generous, and our process simpler, to encourage more participation.”
Moreno Valley Utility customers who take advantage of the 2008 Solar Special can get a rebate of $4.00/AC Watt. Like the program offered through Southern California Edison, solar installations must be on the customer’s premises, and offset part of all of the customer’s own electricity demand. Systems must have a meter that measures how much electricity is generated and therefore how much credit the customer earns against the monthly utility bill. Under California’s net metering law, customers can only “zero out” their bill – they cannot earn credit for excess electricity production.
The minimum rebate of $4,000 is for an installation of 1 kW (1,000 watts); the maximum rebate for a residential installation is $25,000 (on a system size of 6.25 kW) and for commercial, industrial or governmental is $100,000 (system size of 25 kW). The actual amount of the rebate will take into consideration solar panel output, inverter efficiency and design factors such as climate, azimuth, tilt and shading. All incentives are base on available funds and verification of installation.
In 2008, you can also receive an income tax credit based on 30% of the cost of your new system, up to $2,000 for a residential install. There is no cap on a commercial install. This credit is scheduled to go away in 2009, so if you’re serious, don’t delay.
Michelle Pierce, MVU Program Coordinator, worked with consulting firm EcoMotion to design a straightforward application process. “We have a seven-step process that is as simple as we could make it. It starts with a completed Application that will reserve your rebate.”