A look at solar panel installation figures from 2008 show that there were twice as many residential solar installations installed last year than in 2007. The California Business Journal highlights the fact that

[a]pplications for rebates in the fourth quarter broke the record for most applications in a single quarter and most applications in a single month. There are 6,480 applications in queue.

This is good news for California installers, but it does mean that if you’ve been thinking about solar, you might want to act sooner rather than later. California’s solar rebate program is set up to scale back as the state’s solar 1940-MW solar capacity goal approaches; the more solar installations, the closer to the goal, the lower the rebate for home and business owners. With the current rebate structure in addition to the federal 30% tax credit, plus numerous auxiliary incentives offered by California, you can still save up to 45% on the cost of a residential solar system. Fill out our informational web form on GetSolar.com to see if solar makes sense for you.