The government provides incentive amount when you install Solar Panels in your house. The amount of incentive depends on various factors like the size of the solar system, operational efficiency, performance offered by the system, class of the consumer, utility provider and deployment phase.
Solar Initiative agencies present you detailed information about the monetary incentives for installation of solar panels based on the estimated performance of any solar panel installation. The assumed performance of solar system is derived by considering the size of the solar system, the mounting angle and the site of installation. Incentives of the solar systems are large in size and determined on the basis of actual operational performance of the solar panel system over the initial five years.
Types of Solar Incentive Programs
- General market program
This is a program for consumers, who have installed Solar Systems. According to this program, incentives are provided on homes, commercial, governmental, agricultural and non-profit buildings where the Solar systems are installed. Consumers get funding on photo-voltaic effect and thermal energy production methods.
- Thermal program
This is a solar warm water incentive program for consumers, who have installed Solar System at home and businesses. Under this program they avail incentive on solar warm water and thermal system.
- Reasonable Solar Homes program
In this incentive program consumer with low-income are benefitted. They must have a single family home and fulfill the criteria of housing eligibility.
- Multiple family reasonable Solar Housing program
This program is meant for consumers with multiple family reasonable housing.
- Solar incentive program for RDDD program
This program aims at providing funds in the form of incentives for conducting research, development, demonstration and deployment of solar systems.
Types of payments of Solar Incentives
All those who have installed Solar systems in their house or workplace would get paid incentives by the solar initiative agencies. There are two types of payment of incentives: in bulk for small sized Solar systems or over the period of 5 years for large sized Solar systems.
- Incentive on basis of expected performance:
As per the 2008-09 data, the systems that are smaller than 50kiloWatt capacity would receive one-time payment of the incentive, taking into consideration the expected performance, ratings of the equipment and installation site factors such as geographic location, shading and roof tilt). These payments are offered in dollar per watt basis.
- Incentive on basis of performance:
Solar systems with capacity more than 30 kW comes under this category. These payments are offered in dollar per kilowatt-hour basis over a time span of 5 years.
Due to the triggering process adopted by the Solar Initiative agency it is advisable to install the solar system as soon as possible. The sooner one buys and installs the solar system, the higher will be the rebates and incentives will be. Besides the above information, one must also consult the local government bodies for additional procedures, incentives and information. Contact solar installation orange country to provide your house or office solar panels.