Case Studies
How much solar costs Smart Solar Power’ home solar systems, fully installed after tax credits and rebates, cost between $10,000 to $45,000. The cost of your solar installation will depend on what size your utility bill is and what your goals are. Smart Solar Power will give you a comprehensive report that will show you the best performing system for your needs. To maximize your investment in solar, Smart Solar Power will often recommend making your home a hybrid, or in other words, getting some of your electricity from solar and some from your utility. An investment in solar typically returns over double its cost in electricity savings over 25 years. Your Design Consultant will help you evaluate how much solar you'd like to install to get the best return on investment. Current incentives lower the cost of solar up to 45% The new federal tax credit for residential solar reduces your cost by 30%. The California Solar Initiative (CSI) rebate saves you an additional 10% to 20% depending on which utility provides you with power. Added together, in California, around 45% to 45% of the cost of a solar installation is covered by Federal and State Solar incentives. Some cities have further incentives, and financing options. These solar incentives dramatically decrease what you’ll have to pay your home solar system. Want a lower electricity bill? Electricity rates rise on average 7% per year. Solar can help protect you from these increasing costs. When you install solar, you become your own power provider and lock in your electricity costs for the next 25 + years. The utility tracks your electricity use through net metering and credits you for the solar power you produce. With solar, you’ll lower your electricity bills in its entirety or shave the tiers that cost the most. The value of your savings increases with rising electricity prices. In California, for example, electricity prices have risen by 7% every year for the past 30 years. This means your savings typically double every 12 years. |
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