If you're a residential customer of Southern California Edison (SCE), you've got more than SoCal's sunny days to be happy about. You're also sitting on what is arguably the state's best solar rebate. We've discussed this before. But, looking at the numbers this morning, I could help but mention it again.
Here's the deal. In 2006, the state's public utilities commission launched the California Solar Initiative (CSI), a multi-year program aimed at providing more than $3 billion in incentives to solar-energy projects through 2016. The program was broken up into ten "steps," each representing a certain amount solar power (in megawatts, or MW). According to the program structure, as more solar gets installed, the incentive level is reduced. Like this: