This report examines the incentives available to reduce the cost of owning and operating a PV system and creative ways to combine them into a comprehensive financial package for residential PV systems. Section 2 examines the electric utility bill savings, including potential net metering credits from excess generation. Section 3 discusses the cash incentives available in certain jurisdictions that reduce the up-front costs associated with the installation of a PV system and provide on-going cash payments based on the output of the system. Section 4 explains the role of RECs while Section 5 wraps up the discussion on incentives by highlighting the role that tax incentives play in improving the economics of PV. Section 6 provides an analysis on how various incentives are combined in three states to highlight the importance of various cash incentives, tax credits, and solar RECs at the local level. Existing financing models are briefly reviewed in Section 7, followed by an in-depth examination in Section 8 of the emerging financial structures for homeowners and community-based solar initiatives. Community-based solar programs for people who rent, live