Solar tax credits under threat, marking critical juncture for solar in San Diego

In San Diego, where electricity costs have soared by a remarkable 104% in just three years, businesses are feeling the pinch when it comes to operational expenses.

Mike Johnson wasted no time after his election as Speaker, introducing a bill aimed at gutting climate-related funding in the Inflation Reduction Act. This move carries significant implications, particularly regarding the fate of the 30% investment tax credit for solar initiatives (40% in much of California, including San Diego).

For businesses in San Diego, embracing solar power is not just a wise decision; it's becoming a necessity for cost management and predictability. By making the transition to solar energy, companies can slash their electricity bills by up to 80%, fundamentally reshaping their energy expenses and gaining a competitive advantage.

San Diego enjoys abundant sunshine, a valuable resource that businesses can leverage to cut operating costs. With current incentives still on the table, the time for action is now. Solar locks in energy savings and provides energy independence before potential alterations in tax credits take effect.

With utility costs on the rise, solar costs at an all-time low, and the looming threat to crucial subsidies in 2024, there has never been a more critical time to consider powering your business with solar.