Lake Elsinore's Solar Energy Movement
Lake Elsinore residents can maximize the benefits of solar
Welcome to Lake Elsinore, California! Nestled on the west side of the lake, it is close to Riverside, Los Angeles and San Diego. In addition to its rich history, it is also one of the best places for solar.
With the recent power outages from Southern California Edison (SCE) that have impacted Lake Elsinore, there is no better way to protect your home from the recent power outages than with a solar battery backup storage solutions. Plus, with the steadily increasing electricity rate increases from SCE and high amount of exposure from the sun, homes and businesses in Lake Elsinore will see tremendous benefits when going solar. It will continue to make Lake Elsinore, a wonderful place to live.
Communities, like Lake Elsinore with a wonderful blend of business and homes where there are a lot of environmentally conscious homeowners, will tend to produce the highest increase in home value.
Solar Generates Substantial Savings for Lake Elsinore
There are numerous reasons to go solar. Most homeowners make the switch after seeing how much they can save on their utility bills. Solar energy for your home or business can save you a lot of money by converting the high amount of sunlight that Lake Elsinore receives into usable energy that can power your refrigerator, hair dryer, washer and other household items.
Lake Elsinore, being a nice place to live means that homeowners care about the equity and value of their homes. According to the National Renewable Energy Laboratory (NREL) by owning a solar energy system, homeowners can increase their home's resale value by an average of 17%. Communities, like Lake Elsinore where there are a lot of environmentally conscious homeowners, will tend to produce the highest increase in home value. Wouldn't you prefer to live in a home that costs less to operate?
With a solar energy system, you can not only achieve great savings on your electricity bills, but you can also greatly improve the value of your home. In a competitive real estate market, it could be the deciding factor as to why a buyer picks your home over another. Increase the value of your home, generate clean energy, and save money on your power bill!
Contact Us
Fill out your Information Below
Solar Benefits for Homes in Lake Elsinore
Achieve more than just cost savings when going solar
Solar comes with a a great host of benefits for a home or business owner in Lake Elsinore.
With over 276 sunny days of weather in Lake Elsinore, it makes a lot of sense to take advantage of the benefits of solar energy. Nobody questions whether solar cells can convert sunlight into electricity, the only debate is the overall cost in terms of time and money. But, your solar energy system is the BEST home efficiency upgrade that you can make! Not only can it increase the value of your home or commercial property, but it will also reduce your electricity costs and our carbon footprint. Plus if you ever add an electric vehicle (EV) to your home, it will further improve how much you save when going solar.
Have you looked at your electricity bill lately and compared it to one 5 years ago? Electricity costs have skyrocketed!
Solar Saves You Money
Adds Value to Your Home
Can Help You Sell Your Home Faster
Locks in the Rate you Pay for Electricity
Existing Solar Incentives for Lake Elsinore
If you're looking to purchase your solar energy system vs. lease, you may be eligible for the Federal Solar Investment Tax Credit (ITC), more commonly referred to as the Federal Solar Tax Credit. The tax credit provides a benefit for both home owners and businesses alike to go solar. We recommend that you consult with your tax professional about your eligibility to receive a tax credit or rebate when you do purchase a solar energy system.
Solar Pro Tip: Federal Tax Credit is only eligible for individuals who own their solar panel system. Does not qualify with a solar lease or Power Purchase Agreement.
Lake Elsinore Home Federal PV Tax Credit
Solar Tax Credit equal to 26% of the total qualified system costs of installing a solar power system in 2020.
Solar Tax Credit equal to 22% of the total qualified system costs of installing a solar power system in 2021.
Solar Tax Credit equal to 10% of the total qualified system costs of installing a solar power system in 2022.
The Solar Tax Credit incentive expires in 2023, effectively dropping to 0%.
Lake Elsinore Business Federal PV Tax Credit
Solar Tax Credit equal to 26% of the total qualified system costs of installing a solar power system in 2020.
Solar Tax Credit equal to 22% of the total qualified system costs of installing a solar power system in 2021.
Solar Tax Credit equal to 10% of the total qualified system costs of installing a solar power system in 2022.
Fixed Solar Tax Credit of 10% will stay in place for installing a solar power systems installed in 2023 and beyond for commercial.
The amount of the Federal Solar ITC can be calculated easily. Simply take the tax percentage for that year, and multiply it by the solar system installation cost. For instance, if your solar energy system costs $25,000 and is installed in 2022, your tax credit would be $25,000 x 10%= $2,500. If you install your solar energy system in 2020, for the same system, your tax credit would be $25,000 x 26%= $6,500. That means there is a $4,000 difference if you went solar in 2020 vs 2022 for the same system. We advise that you check with your tax professional regarding the tax credit or rebate when purchasing your solar energy system.
If You Aren't Eligible for the Solar Tax Credit, Consider a Solar PPA
If you aren't eligible for the ITC because you don't incur any tax liability as a retiree, considering a lease may match your goals even better. Financing for solar has never been easier. With a Solar Power Purchase Agreement (PPA), you will see a home improvement that will save you on electricity costs by replacing your more expensive bill with a smaller one. Imagine if Southern California Edison offered a 20 year, 35% discount on your electricity costs, would you take it? Installing a solar energy system on your home or business is the best way to save money on your monthly electricity bills and increase the equity of your property.
Riverside Solar Installation Company
We are dedicated to Riverside and ensuring that it continues to be a nice place to live for places like Lake Elsinore. By working closely with Southern California Edison, and local Riverside municipalities we are uniquely positioned to providing an incredible experience for our neighbors in Lake Elsinore. By working with a trusted, local solar energy expert who will ensure every part of your solar energy system works as intended should give you the peace-of-mind that you are maximizing the benefits of going solar. We are dedicated to providing long-lasting, high-quality solar power systems that last for years. We handle all types of solar panel projects, both commercial and residential.
Easily schedule an appointment or ask questions
Why Choose Forme Solar for your Solar Install & Repair
As a leading solar installation and repair company headquartered in California, Forme Solar Electric is your one-call shop for a wide range of solar installation and solar repair needs. Our licensed solar technicians are fully insured professionals who are highly skilled craftsmen who geek out on working with solar energy systems. We are known for the quality of our workmanship and professional reliability so you know the job will be done correctly.
We are incredibly proud of our team of highly trained, expert solar panel technicians who work with top-of-the line solar panel equipment from industry-leading brands like Tesla, LG, Panasonic, LONGi Solar, Jinko Solar, Samsung, Canadian Solar, SunPower, and QCells. We ensure that we produce a great experience for all of our customers who are looking to install solar on their homes. We deliver solar panel energy services for homes and commercial properties of all types of roofs and sizes with results that last, along with our comprehensive 100% satisfaction guarantee. Browse our reviews to see what your friends and neighbors are saying about us. When you're ready to request a no-obligation FREE estimate, contact us to make sure that your service is done to YOUR standards and not ours.
When you need a professional solar panel install or repair service you can trust and depend on Forme Solar Electric to get it done right. Call 714) 694-2262 to make your appointment today.
Contact Us
Please Fill out the Form Below