California PUC Approves Solar Power Incentives - $3 Billion

This year, California homeowners will be eligible for a $2.80 rebate for each watt of capacity installed. Installation of a typical 2,500-watt system costing $20,000 would receive a $7,000 rebate. The rebate amount will decrease about 10 percent annually over 11 years. The smaller rebate amounts are expected to be offset by falling solar costs. The rebate drops to 25 cents per watt by 2016.

More details are available at the following link:
http://www.nctimes.com/articles/2006/01/13/
news/state/15_04_491_12_06.txt