Solar Panel Installations Bay Area
Solar Saves You Money
Between 2016 and 2017, California’s electricity prices rose 3x more than they did in the rest of the United States (according to Environmental Progress). Today, Californians pay 60% more, on average, than the rest of the US.
Power from The sun Is FREE!
When Was The Last Time Your Utility Bill Decreased?
Solar Increases Your Property Value And Resale Value
Properties with Solar Photovoltaic sell more quickly than those without.
A multi-institutional research team of scientists led by the U.S. Department of Energy’s Lawrence Berkeley Laboratory (Berkeley Lab), in partnership with Sandia National Laboratories, universities, and appraisers found that home buyers consistently have been willing to pay more for homes with host-owned solar photovoltaic (PV) energy systems —averaging about $4 per watt of PV installed—across various states, housing and PV markets, and home types. This equates to a premium of about $15,000 for a typical PV system. The team analyzed almost 22,000 sales of homes, almost 4,000 of which contained PV systems in eight states from 1999 to 2013—producing the most authoritative estimates to date of price premiums for U.S. homes with PV systems.
Homeowners have learned that the overall cost of ownership includes the cost of utilities, and when a home has a solar system, the utility costs are going to be lower, reducing the cost of ownership. When the property is passed from one homeowner to another, the benefits from going solar are passed on to the new owner.
Solar Incentives For Bay Area Homeowners
Solar Panel Installation Company In The Bay Area
Although solar panels were first introduced into the market in the early 1950’s, they did not go mainstream until roughly 2005. To make solar more affordable, and to create a demand for solar which would ultimately lower the costs, there were two types of incentives available in California. PG&E offered a “tiered” rebate system and the Federal Government offered the Investment Tax Credit.
The tiered rebates were based on size of system multiplied by a rebate. There was a certain volume for each rebate level, and as that filled up, the rebates went down and eventually disappeared.
Early on, the rebate was about $3.50 per watt, so on an 8kw system, that was a $28,000 rebate. But the cost of the solar was $8-$9 per watt.
As more solar was sold, that rebate dropped to $3, to $2.8, to $2.50 down to zero. At the same time the cost of the solar system was decreasing in price.
They $8-$9 per watt solar systems have dropped to $4-$5 per watt and are dropping still.
In addition to the rebates, there is the Federal Tax Credit of 26% of the cost of the solar system. This 26% Tax Credit is a HUGE incentive, still in place until the end of 2020. Incentives are based on installation date; future incentives will be lower than they are today, but at the same time, the solar panel costs are also dropping.