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Because it's located in one of the sunniest states in the United States, a photovoltaic (PV) solar panel system is an excellent investment in Mill Valley, California.

Mill Valley's Mediterranean climate and 255 sunny days each year create ideal conditions if you want to power your home with solar energy. To learn more about how to save money every month on your electric bill, talk to a solar specialist.

The PV cell is the component of the solar panel that converts light into electricity when sunlight strikes the cell. How much electricity your roof generates depends on how many panels you are able to install and how much sun the panels are exposed to. Because of the generous amount of sunlight in the area, solar panel installations in Mill Valley, Marin County, can operate at peak efficiency for roughly 70% of an average year - a 24% increase over the rest of the country.

In fact, California is generally one of the best regions of the country to harness solar energy because it gets abundant solar radiation throughout the year, per the U.S. Energy Information Administration.

You may be eligible for several specific tax advantages and financing alternatives for both businesses and homes when you install a solar panel system in Mill Valley, Marin County.

• A federal program, the Residential Renewable Energy Tax Credit, allows homeowners to claim a tax credit up to 30% of the total "solar electric property" project cost, including labor, installation, system wiring, and other charges.
• An additional government program, the Business Energy Investment Tax Credit (B-ITC), also offers a 30% tax credit incentive for some commercial systems built through the end of 2022. The incentive value will decrease for every year after until the end of 2025, at which point the incentive will remain at 10% of project cost.
• The Sonoma County Energy Independence Program allows residents to purchase "renewable electrical improvements" at a cost of up to 10 percent. The financing will be repaid at a fixed interest rate, 7.7%, over a period of 10-20 years.

Visit the Database of State Incentives for Renewables & Efficiency to discover additional savings and incentives.

Please note: you may not be eligible for these financial benefits if you lease your solar panel system instead of purchasing it outright.

It can be difficult to figure out which incentives you are eligible for. Our specialists can help you navigate the complex waters of incentive eligibility. If you have questions regarding the best solutions for you, don't hesitate and get in touch!