You may have heard that there are forces afoot - brought to you by the investor-owned utilities - that would lead to a “catastrophic” diminution of savings from solar power systems. Stories from the LA Times, to CNBC, to even the Motley Fool all are proclaiming that change is coming to solar and the end is in site for any real solar savings. To which we say - not so fast. Take a deep breath and read on to see our take.
For example, just today the LA Times ran a story in the Business section quoting solar customers who were “just so angry” over not having access to renewable energy credits (RECs) under the state’s new renewable energy targets law. Yet, that isn’t a change to past practices – no residential client has been able to sell RECs on the open market.
Similarly with the upcoming changes in the state’s net metering rules - while the investor owned utilities, including our own Southern California Edison, are lobbying like mad to make solar less economically appealing, no decision has yet been reached. Moreover, the California Public Utilities Commission (which is charged with resolving this issue) has consistently sided with the solar industry, and most likely will do so now. If they don’t, there will still be the option of seeking a legislative fix before the new rules can go into effect.
And that raises yet another point that counsels for a less breathless approach to all of this: the new rules won’t take effect for at least a year, and clients who install solar before then are locked into the present, solar-friendly net metering rules for the next twenty years!
So let’s recap:
But there is one catch here - the second half of 2016 is poised to be crazy with lots of consumers trying to get their projects completed in time to take the tax credit. This will invariably lead to a real crunch and folks who wait too long will miss out. If solar is in your plans for 2016, the time to get started is now!
As a Pasadena-based company, Run on Sun is proud to support our local public radio station, KPCC. A truly invaluable resource, KPCC is Southern California’s premier NPR affiliate bringing comprehensive, unbiased news coverage to our community. However, as a public station, they can only do so through the support of listeners. Which is why, as daily listeners ourselves, Run on Sun is donating to the annual KPCC Winter Online Auction.
So as you recover from the trials of yesterday’s annual overeating holiday, avoid the dangerous Black Friday shopping sprees! Instead kick back and check out the online auction going live on November 27th! Many exciting gifts and adventures are included in the long list of items up for grabs. And for one lucky homeowner, the gift of solar just got a huge discount!
This is the largest discount Run on Sun has offered on a single residential solar project to date! But what better way to celebrate the holidays than to give the gift of solar?! With the help of this steep discount you can be on your way to continued energy independence, bill savings, and a greener future.
So don’t delay, the online auction closes December 6, 2015 at 1:00 PM so be sure to keep an eye on your bid.
Request your free solar site assessment today to ensure your property is a good fit. Don’t worry, in the unfortunate event that you win the auction and your home turns out to be a poor candidate, Run on Sun will honor your gift certificate with a friend or neighbor of your choice.
When you are fortunate enough to work in the Solar Industry you really should be thankful everyday. After all, we are a part of doing something wonderfully important at work, and how many people can honestly say that? We provide genuine value to our clients by bringing them clean, affordable solar energy, and we get to make our living at the same time – pretty cool!
But with the holidays upon us, starting with Thanksgiving tomorrow, we wanted to take a look back on this year and highlight some of the things for which we are especially thankful, today and all year around.
So, in no particular order, here is our list for 2015…
Of course, at the end of the day, it is all of our clients for whom we are the most thankful! From the first to the latest, from the smallest to the largest, and everyone in between - you are why we do what we do, and we never for a moment take for granted the trust you have placed in us.
May your holidays be filled with peace and joy and love!
Ask anyone who runs a small business: “What is your greatest challenge?” and they will tell you that finding the right people - and keeping them - is the key to being successful. Business owners resort to all manner of methods to try and recruit that elusive individual who will be the perfect fit, and elevate the enterprise to the next level. It is a challenging quest, to be sure.
But sometimes that particular person just falls into your lap - they seek you out, win you over with their enthusiasm, and suddenly everything has changed for the better.
One year ago today, such was my good fortune when an unexpected email landed in my inbox, introducing me to the amazing Laurel Hamilton. Having just moved to SoCal from Washington, D.C. where she had earned her Masters in Public Health, Laurel was looking for an opportunity to do something positive.
We weren’t hiring; we had not posted anything about seeking candidates for employment, but Laurel was undaunted. She had seen this blog, and decided to reach out and see what might happen.
As she wrote then:
With my background and interests in solutions to health and environmental issues, I feel pretty strongly about finding clean alternative energy sources, as well as biking as a form of transport, and supporting local agriculture, etc… among other passions and interests! I would love to get involved in the solar sector as it is growing so much and seems to me to be an important movement in the right direction for healthier communities. Not to mention it just makes sense to harness the bountiful sunshine here in SoCal. So I started looking into different solar companies in the area and Run on Sun struck me as being a really positive company that is in it for the right reasons…expanding your customer base to include non profits and electric car owners. I didn’t notice any job opportunities posted but I still wanted to offer my services… I am very organized and enjoy working with all sorts of people. If you have any need for administrative, management, communications, schlepping materials to various sites around the county, or any other support tasks I’d love to be of service.
Little did she know then where that email would take her! I think it is fair to say that we took her up on her offer in just about every way imaginable: from operating a boom lift, to designing client outreach efforts, to indeed, schlepping materials to various sites around the county - Laurel has done it all. In fact, she has been a frequent contributor to this blog, bringing her own voice and Thoughts on Solar to our readers. Along the way she has been a major factor in what has been our greatest year ever.
I know that many of the folks who read this blog have had their own personal interactions with Laurel over the course of this year - please feel free to add your thoughts in the comments.
As for me, I just knew that it was important to give thanks publicly for the unexpected gift that is Laurel Hamilton.
One of the chief economic benefits of going solar is the 30% Investment Tax Credit (the “ITC"), but it is scheduled to go away at the end of next year. Here is what you need to know now if you hope to save yourself some serious coin on your solar system.
There are three economic benefits from going solar: rebates from the utility, savings on your utility bill, and the ITC. For clients in the Run on Sun service area, only PWP and LADWP are presently offering rebates (sorry SCE folks) but at 40¢ and 30¢ per AC Watt installed, these rebates top out at roughly 10% of your cost. Monthly savings from solar will vary depending on how big a user you are and what rate structure you are under. Typically, SCE customers save more with solar because their rates are that much higher.
But the one dominant factor that has helped to make solar more affordable, particularly as rebates have gone away, is the ITC. A true tax credit (as opposed to an income deduction), the ITC is valued at 30% of the total cost of the system (less any rebate that might have been available). For example, a 5 kW solar system in SCE territory that costs $4.00/Watt will see $1.20/Watt coming back as a credit on the system owner’s taxes. (Oh, yeah, you have to own the system to capture the ITC - part of our #1 Reason to avoid a Solar Lease!) That’s a $6,000 credit - pretty sweet! And commercial clients not only get the ITC, they also get accelerated depreciation, making the tax advantages of solar even more attractive.
And yet, unless Congress acts (and really, does anyone have confidence in the ability of this Congress to do much of anything?), this will all end come December 31, 2016. (Ok, small caveat - commercial projects will continue to get 10%, but for residential clients it will be nada, nothing, zilch.)
I can hear you already saying, come on, that’s over a year away - why are you raising this issue now? Well aside from the old warning: “Caution - dates on the calendar are closer than they appear!” – it is important to understand what is likely to happen next year. Every solar company out there will start advertising about the need to “act now” only this time they will be right. As more and more people realize that they are about to leave a whole bunch of money on the table, the crush to get projects in the pipeline and completed before the deadline will mean more demands on already understaffed city building departments (many of whom routinely take six weeks or more now to approve even the simplest solar project), inspectors, and utility staff to process an unprecedented flood of applications.
As we move through next Spring, many solar companies will already be booked so completely that homeowners who are just waking up to the problem, might find themselves in a pipeline with no guarantee that their project will be completed in time to qualify for the ITC.
So what to do?
Well, for the good of the solar industry as a whole you should contact your Member of Congress and urge him/her to support the extension of the ITC. If you have friends and family who live in more conservative areas, be sure to urge them to do the same.
But as for your own solar project, the time to get started is now! Don’t be the sad-sack who gets shut out of affordable solar because they waited too long.
«climate change» «commercial solar» cpuc «enphase energy» «feed-in tariff» fit gwp «jim jenal» ladwp «net metering» pg&e pwp «run on sun» sce seia «solar power» «solar rebates» solarcity usc «westridge school for girls»