There are many factors that affect how much a solar installation will cost.
From the type of roof on the home, to the brand of solar panel, every installation is different and therefore the cost of installations are different customer to customer. That’s why, generally, when potential customers want to know the “average cost of solar” in San Diego, we tell them we cannot give them an exact estimate without knowing the details of their installation first.
Everyone thinks they live in an “average” house but in fact, two houses next to each other in a subdivision may have very different energy needs. However, the solar modules themselves make up over half the cost of the solar energy system. So, knowing how many solar panels are needed is a good first step at calculating the cost of a system.
The number of modules needed will depend on how much power your home uses. So, a good way to evaluate what your solar system will cost is to look at your current energy bill, and calculate how much you will be spending over the next 6-10 years. This is about what your system will cost after you subtract the current 30% income tax credit from the gross amount.
For example, if you are currently paying a power bill of about $150 a month, then for the next 6 years you will be paying $150/ month X 12 months X 6 years = $10,800. And that’s about what your solar energy system will cost after tax credit.
So, you recoup your initial investment in about 6 years and, for the next 20 years or more, your electricity is basically free.
Plus, your home is worth more money because you’ve invested this money in your home, increasing its asset value – instead of simply paying it to the power company and having nothing to show for it.
Real estate experts estimate that for every $1 in annual energy costs you save, you add $20 to the value of your home. So, by investing this money in a solar energy system for your home and saving $1,800 per year in energy costs, you are actually adding $36,000 in added value to your home!
Note that the cost of this example system BEFORE the tax credit is $15,429 and that tax credit is set to expire at the end of 2016. So by going solar in the next 18 months, you will be saving an additional $4,629 by not waiting too long!
It’s very easy for a Stellar Solar specialist to calculate your exact system cost based on energy needs. All we need is a copy of a recent SDGE bill or simply the account number, meter number and zip code – and we’ll do the rest.
For a free quote on a solar system for your home in San Diego, send us your information at: http://www.stellarsolar.net/contact.html