What kinds of rebates are there?
The state of California offers two kind of rebate programs as of May ’07: PBI and EPBB. The PBI (Performance Based Incentive) program is for systems larger than 100kw. In this program, the rebate is paid per kWh energy you use for 5 years. The current rebate rate is 39 cents per kWh. If you do not use it, however, you loose it, so you need to keep your solar system on. There are plans on converting all programs to PBI. The 30% tax The EPBB (Expected Performance Based Buydown) program is for systems under 100kw, which encompasses most of residential systems. In the EPBB program, you get an instantaneous rebate as a check shortly after having your system installed and inspected. The EPBB calculator will provide you with the rebate amounts you can receive based on different configurations.
