How to Use the Solar Calculator
The best way to learn about local rebates, your home’s energy potential, and your eventual return on investment is to use our ModSun Solar Cost Calculator (see above). Enter your home address in the box, then click Check My Roof. You’ll get an instant picture of your roof’s productivity, your average energy expenses, and installation costs in your area—whether you decide to buy or loan. We’ll also provide system size recommendations and information about rebates and incentives you may be eligible for. Just select More Info under each purchasing strategy to learn more, and then connect with a solar pro.
Solar in Long Beach California
This article will discuss reasons why you should consider switching to a solar panel system, rebates and incentives to help you pay for the system as well as important requirements set forth by the City of Long Beach, California.
It is good for the Environment
Unlike conventional power, which burns fossil fuels, solar power converts the sun’s energy through photovoltaic cells to produce electricity. Solar power does not produce any harmful emissions that hurt the environment.
Installing a solar panel system on your home can substantially increase its value. It is common that nearly 100-percent of the cost of your solar power system will be added to your property’s value.
The expected lifespan of a solar panel system is between 20 and 25 years. Their durability is due to the fact there are no moving parts in the system. Minor adjustments and periodic cleaning of the panels is all that is necessary to keep you system running at peak performance.
Going Solar in Long Beach
The information below will outline the steps necessary for Long Beach home and business owners interested in switching to a solar panel system.
Find a Solar Contractor
Enlisting the service of a qualified solar contractor is key to obtaining the most productive solar panel system for your home or business. They can help secure financing that fits your needs, apply for the necessary permits, apply for rebates and incentives on your behalf and arrange to have your solar system interconnected to your local utility’s power grid. California Solar Statistics provides a searchable list of solar installers, contractors and companies for the Long Beach area.
There are many ways to pay for your new solar system. Buying it outright, via Power Purchase Agreement (PPA), and lease agreements are the most common methods. Paying for the equipment and installation yourself means a heavy out-of-pocket expense and the responsibility of system maintenance and upkeep. However, you will benefit the most by the electricity produced by the solar panel system. Many lending institutions provide green consumer loans with attractive rates. Similar programs are in place through Fannie Mae, FHA and HUD housing authorities.
A PPA is a financial arrangement with a third party vendor who owns, operates and maintains the solar system. This method requires that you agree to host the system on your property and purchases the system’s electricity from the vendor.
A lease agreement is similar to a PPA with the main difference being the customer pays a fixed rate for the electricity and is responsible for system operations and maintenance.
Rebates and Incentives
Rebates and incentives are available to help pay for the cost of solar panel installation. The Residential Renewable Energy Tax Credit allows taxpayers who install qualifying solar system to claim a 30-percent tax credit. To qualify, the property must be in the United States and you must own and use the property as a residence. The Business Energy Investment Tax Credit provides a credit equal to 30-percent of expenditures with no maximum credit for eligible systems.
The California Property Tax Exclusion for Solar Energy Systems provides property tax relief for the expected rise in your property value after installing a solar panel system. The state does not tax the value solar-generating equipment to adds to a property. This means you do not have to pay property taxes on the increased property value resulting from a solar panel installation.
Installing a solar panel system in Long Beach, California requires obtaining the appropriate permits and following through the process. The first step is to submit an electrical permit application and related documents. After meeting the requirements set forth by the city, you are issued an electrical permit. You can now begin building your solar system. Upon completion of your solar system, a city inspector will inspect both the mounting methods and electrical systems to ensure the meet the local codes and standards set forth by the City of Long Beach.
Upon installation of your solar panel system, and after all building inspections are complete, Southern California Edison will complete the interconnection agreement and connect your system to the electric grid. You are now ready to enjoy all the benefits offered by a solar power system.