Table of Contents
- Cost of Solar in San Diego
- Tax Breaks and Incentives
- Return on Investment
- San Diego Gas & Electric Solar Rates
- Are Solar Panels Free in San Diego?
Cost of Solar in San Diego
The cost of solar panels in San Diego depends on the size of your home and the type of system you choose. The cost of a 12-panel, 5.5 kWh system for a 1500 square foot home in California can range from around $12,000 to $21,000. This includes the cost of the solar panels, installation, and all other equipment necessary to get your system up and running.
Tax Breaks and Incentives
There are several tax breaks and incentives available in San Diego to help offset the cost of installing solar. The federal solar tax credit allows homeowners to deduct up to 26% of the cost of their solar system from their federal taxes. California also offers a solar tax credit of up to $1,500. Additionally, San Diego Gas & Electric provides rebates for homeowners who install solar, which can reduce the cost of the system by up to 20%.
Return on Investment
Installing solar in San Diego can provide a significant return on investment. Homeowners who opt for solar can save an average of $10,000 to $20,000 over the lifetime of the system. Additionally, solar systems typically have a payback period of between 6 and 12 years, meaning homeowners will recoup the cost of the system in that amount of time.
San Diego Gas & Electric Solar Rates
San Diego Gas & Electric (SDG&E) offers special rates for customers who install solar. Customers are eligible for net metering, which credits them for any excess energy they generate and send back to the grid. Customers are also eligible to participate in SDG&E’s Solar Rewards program, which pays customers for their excess solar energy at the rate of $0.15 per kWh.
Are Solar Panels Free in San Diego?
No, solar panels are not free in San Diego. While there are several tax breaks and incentives available to help offset the cost of installing solar, homeowners will still need to pay for the cost of the panels, equipment, and installation. However, with the incentives and rebates available, the cost of solar can be significantly reduced.
In conclusion, installing solar in San Diego can be a great choice for homeowners. It can provide a significant return on investment, save homeowners money on their energy bills, and help the environment. While the upfront cost of solar can be expensive, the long-term benefits of going solar make it a worthwhile investment.
Is solar in San Diego worth it? Yes, solar in San Diego can be a great investment that pays off in the long run. With the incentives and rebates available, the cost of solar can be greatly reduced, making it an affordable option for many homeowners.