Builders Embrace Schwarzenegger Solar Roof Proposal
 A Feb. 28 proposal by California Gov. Arnold Schwarzenegger to create one million homes and commercial properties with solar roofs in the state by 2018 received an endorsement last week from the California Building Industry Association.
“California home builders are pleased to be part of Gov. Schwarzenegger’s ongoing efforts to expand the use of photovoltaic energy (PV) systems in California and will continue to work with the governor and his administration to enact a workable, cost-effective program,” the association said in a statement issued from its headquarters in Sacramento. The association noted that the governor’s market-based approach would ensure that PV systems do not make housing even less affordable than it already is “in a state where housing is less affordable than any other state in the nation.” The voluntary approach will also enable consumers to choose the housing options that suit them best and ensure that PV systems are cost-effective for consumers. Among the benefits touted by the governor for his million dollar roof proposal: - Home owners will receive a nearly 40% rebate, or $5,000, on the purchase of a solar energy system.
- The system would pay for itself over its average 25-year life span.
- Consumers would realize reductions in their monthly energy costs and tax savings.
“Today, in California, where we are famous for the sun, we are going to put the positive benefits of that sun to good use,” said Schwarzenegger. “Through the ‘Million Solar Roofs Initiative’ and the willingness of the building community to join us in this effort, we will succeed in providing a stable alternative source of energy.” Among the provisions in bills that have been introduced in the state Senate to create the solar program: - A tax credit for solar systems slated to sunset at the end of this year would be extended.
- There would be a 7.5% tax credit for every dollar spent on a solar system above and beyond the rebate received from state or federal sources. This would provide an incentive for builders to offer solar power options on new homes and businesses.
- Rebates to homes and businesses with solar energy systems would further reduce ratepayer costs.
- A property tax provision prevents property reassessment upon the installation of a solar system.
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