The San Francisco Solar Energy Incentive program is the nation's largest municipal solar program to date. Borrego Solar, with our extensive experience in the city is uniquely positioned to help residents and businesses take advantage of this historic program.
This program will utilize $3 million of funding available immediately to residential and commercial property owners, with amended legislation to complement the long-term program by allocating an additional $1.5 million in funding for low-income residents and non-profits to install solar.
In the coming months, city property owners and tenants will be able to go solar with minimal upfront costs by taking advantage of an additional $6,000 per meter for residential properties and up to $10,000 per meter for commercial spaces.
Here is a sample financial breakdown of an average 3.4 kW DC San Francisco single family home with a $200 average monthly electricity bill*$25,000 Gross cost (all inclusive)-$2,000 Federal Investment Tax Credit-$5,000 California Solar Initiative rebate-$6,000 from San Francisco Solar InitiativeNet cost is $12,000 |
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By eliminating 70% of their annual electricity bill, these homeowners are saving approximately $1,650 annually.
That's a 14% ROI in year one after taxes, which would be comparable to getting approximately 20% ROI from a stock market investment before taxes and without the risk!
Program basics:
- Systems must be at least 1kW per meter or larger
- There is a $10,000 cap per meter for all applicants (residential and/or commercial)
- The incentive caps if the net total of all rebates, incentives, and tax credits exceed the total purchase cost of the system.
- Applicants qualify for SF incentives if the property is within the city of San Francisco and meets the standard CSI requirements.
- Base incentive of $3,000 per meter.
- Installer incentive of $4,000 per meter if the solar provider has offices in the city (Borrego's SF office is in the heart of the Mission District).
- Environmental Justice District incentive of $5,000 if the property resides within 94107 or 94124 zip codes.
- Workforce Development incentive of $6,000 for system installed with members of the Workforce Development Program.
- Base incentive of $1,500 per kW up to $10,000 per meter on commercial, industrial, or manufacturing properties.
Funds are available on a first come first served basis, so call one of our San Francisco Solar Energy Consultants to schedule a site evaluation at your property today
Click here to schedule a free solar site evaluation
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