Gforce Solar Power Company San Diego

For Residential Solar San Diego Is Cost Effective Location

Southern California enjoys 266 sunny days each year and that terrific weather creates a tremendous opportunity for tapping into solar energy. Sunshine is a key reason for the growth of residential solar San Diego and in the surrounding area are experiencing. There’s no doubt that renewable forms of energy help reduce harmful emissions and turning to solar energy is a positive solution. However, the average family has to consider the cost effectiveness of converting to solar on a monthly and long-term financial basis. They also need to consider to what degree solar panels lead to energy independence.

The average electric bill in Southern California runs about $120 per month, or about $1,440 yearly. Using this number as a baseline, you can get an idea of how the numbers work out for you. If you decide to install residential solar Sand Diego homeowners can take advantage of federal tax credits and chop your overall investment down by 30 percent. Here are some estimated costs and returns on solar energy.

  • Small system: A 13-panel outfit runs about $11,500 and after the 30 percent tax credit, you’re looking at $8,050. A 13-panel system can save a little more than 60 percent of your monthly bill, or about $865 off a current yearly utility bill.
  • Medium System: A 20-panel outfit runs about $17,500 and after the 30 percent tax credit, you’re looking at $12,250. A 20-panel system can save about 80 percent of your monthly bill, or about $1,152 off a current yearly utility bill.
  • Large System: A 27-panel outfit runs about $23,500 and after the 30 percent tax credit, you’re looking at $16,450. A 27-panel system can save about 98 percent of your monthly bill, or about $1,370 off a current yearly utility bill.

In terms of deciding which size of residential solar San Diego homeowners may want to apply these numbers to home equity loan rates to determine monthly and yearly expenses. But there are a few other factors to keep in mind as well.

Electricity costs are unlikely to go down. So, what is the average increase in your area and how does that factor into this equation?

Once you have paid off your system, what is the benefit going forward? The larger the system, the greater your level of energy independence from the grid.

Although solar energy has been on the front burner of the sustainable energy movement for many years, the federal government has structured tax incentives in a way that the sooner you install the system, the greater the tax break. Here is a breakdown of tax credits.

residential-solar-san-diego

Solar Electricity

  • 30 percent before 2020
  • 26 percent during 2020
  • 22 percent from 2020 to 2022

Solar for Hot Water

  • 30 percent before 2020
  • 26 percent during 2020
  • 22 percent from 2020 to 2022
  • The system must heat at least half of the overall hot water used by the residence and be certified. Luxury items such as pools and hot tubs are excluded.

Many systems have warranties as long as 30 years, which presents an excellent opportunity to install, pay off, and enjoy greatly reduced energy bills or outright energy independence for many years without incurring maintenance costs. In terms of residential solar San Diego is an ideal location to reap financial benefits while supporting the sustainable energy movement.

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