Residential Tax Credits Still Exist

Over the last few years, the uncertainty of how the government and utilities were going to handle tax credits for new solar systems has caused confusion to the residential marketplace. Are tax credits gone? Are we running out of time? Did I already miss the boat? Luckily, there’s now a defined answers to these questions.

In February of this year, the Bipartisan Budget Act of 2018 reinstated the tax credits available for residential solar customers. The Act outlined a structured, but gradual decrease in the credits over the next three years for systems placed in service on or after January 1, 2006, and on or before December 31, 2021. The breakdown according to Energy.gov1:

  • 30% for systems placed in service by 12/31/2019
  • 26% for systems placed in service after 12/31/2019 and before 01/01/2021
  • 22% for systems placed in service after 12/31/2020 and before 01/01/2022

In additional to the natural reduction of your electric bills over the next 25 years, adding renewable solar energy will increase the value of your home without directly increasing the property tax assessment from the installation.

Please consult with your accountant regarding your eligibility, and how you can benefit from this tremendous tax credit

Palomar Solar surprises Military families; gives away three solar systems

For the second year in a row Palomar Solar gives away three solar systems to deserving Military families at the
Miramar airshow.

Over the summer military families entered the Palomar Solar Gives back sweepstakes where we promised to give
away a system of up to 24 panels. Three finalists were randomly selected and invited to attend the airshow in our
runway fronting chalet where one of them was going to win a free solar system. One of Last years’ winners was
tasked with pulling the winning entry. When he pulled the winning dog tag out of the bag, all were shocked and
many tears were shed to see all three tags come out of the bag, since we had tied all the dog tags together. Every
system was designed to offset more than 110% of their previous 12 month electricity needs. Combined we
estimate they will save over $350,000 in electricity costs over the next 25 years.

Congratulations to:

Adam Webber – Navy Seal Veteran – system size 4.16kw
John Vojtas ‐ Retired Navy – system size – 5.76kw
Carl Boeck ‐ Air Force Veteran – 2.88kw

Palomar Solar was established in 2009 and is one of Southern California’s premier solar PV installation companies.

Palomar Solar has installed over 50,000 solar panels on homes and business all while maintaining one of the best
reputations in the industry. Notable clients include Waxie Sanitary Supplies and Goodwill San Diego.

If you would like more information please contact Adam Rizzo at (760 715‐2820 or adam.r@palomarsolar.com