If you’ve been thinking about installing a solar system, 2009 may be the year to take the leap, especially if you live in California.
After a long stalemate in Congress, a renewal of the 30% investment tax credit for solar installations finally passed as part of the Emergency Economic Stabilization Act. Applicable for both businesses and residential projects, the credit applies through 2016. In addition, a rebate from the California Solar Initiative covers another 20-25% of the cost.
Of course, solar isn’t for everyone. According to Solar Santa Monica, a city-run program that assists those looking to reduce energy use and reliance on fossil fuels, ideal candidates have:
- An electricity bill of at least $100/month
- 200 square feet of ground or roof space to house the installation
- Southern exposure, including Southeast or Southwest
- 6-8 hours of direct exposure daily
If this sounds like you, now may be the time to investigate the move to a sun-powered home.
The space needed is about 9 feet by about 15 feet – above a small room should do it.