As Solar Prices Drop Applications for the Solar Incentive Program have Skyrocketed!
The Los Angeles Board of Water and Power Commissioners approved modifications to the Los Angeles Department of Water & Power’s (LADWP) solar incentive program. The modifications are intended to sustain the program under approved budgets through 2016 while supporting the greatest number of solar installations as possible, according to the LADWP.
The modifications were proposed as a means to manage the pace of applications received for the Residential Solar Incentive Program. Interest in the program has skyrocketed since early 2009, when the federal government removed the $2,000 cap on tax credits. The program has also seen an increased demand as solar prices have declined.
The new incentive levels, which take effect on Jan. 1, 2011, will provide funding for an additional 20 MW in solar incentives.
The board says it is also committed to reviewing the impact of the new rebate and will consider making adjustments if the change causes a negative impact on new solar installations.
More information on the new solar incentive levels can be found here.
SOURCE: Los Angeles Department of Water & Power
Tags: amp power, application, budgets, federal government, incentive program, incentives, power commissioners, residential, residential solar, solar energy, solar incentives, solar installation, solar installations, solar prices, solarthermalmag, water and power
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