Chico Electric

Solar Regulations:
Incentive Programs Available to both home and business. Incentives offset the majority of the installed cost resulting in the Net Cost Before Taxes expressed in the Cash Flow analysis.

Rebate: California Solar Inititive (CSI)
-Administered by one of the three major utilities
-Performance Based Incentive (PBI) is monthly payments over 5 years, EBBI lump sum for smaller systems.
-Application is completed and submitted by Chico Electic.

Investment Tax Credit (ITC): 30% Federal Tax Credit
-Can be taken against prior year taxes and 20 years into the future.
-US Treasury grant (ARRA) pays 60 days after commissioning

Depreciation Tax Benefit: MACRS 5-Year Accelerated Depreciation
-Depreciable basis is 85% of installed cost (installed cost minus half of 30% ITC)