Cost Of Solar Power In Oceanside
In Oceanside, the average cost of solar panels per watt, as of December 2018, is $3.94, which makes the cost of a typical 6kW solar system $23,656 excluding federal solar credit and $16,559 after claiming this tax credit. Solar Watt Solutions customers usually pay much less for their solar than this average.
At Solar Watt Solutions in Oceanside, we believe that while reasonable prices give solar projects a kick start: what boosts the viability of solar generation are federal tax credits for solar energy systems. A generous 30% rebate applies to both residential and commercial consumers, resulting in significant price reductions. The 30% Federal Solar Tax Credit is only valid for solar system that are installed and turned on before January 1, 2020. Starting in 2020 the tax credit will have its first ever drop down to a 26% level.
To give you an idea about the solar cost for different system sizes with the tax credit factored in, here’s some basic data: A 3kW system in Oceanside costs around $7,000, a 5kW system (the standard system size for the US) costs $10,500, and a larger 12kW system costs $23,000. .
Benefits of Installing Solar Power Systems in Oceanside California
Powered by bountiful sunlight for the majority of the year, California is the shining light in the US when it comes to installing solar power capacity and growth in solar equipment installation. The ‘Golden State’ of California already has an installed capacity of 19,000 megawatts of solar power—equivalent to the capacity of the top ten solar energy states in the US put together.
As a result, solar panel installation costs in California, including Oceanside, are lower than average prices in other parts of the country. At Solar Watt Solutions in Oceanside, we believe that Oceanside homeowners have an extra advantage as the sun shines an average of 266 days a year in this city compared to the US average of 205 sunny days. This and the fact that Oceanside residents have some of the highest utility electricity costs in the United States enable residents to maximize their return on investment on solar power usage.
Solar Watt Solutions in Oceanside has no exclusive tie-ups with equipment manufacturers so we specialize in aesthetically pleasing, custom designed solar power systems. Using equipment from different vendors, lets us design each solar system that will meet the unique power needs and budget of each customer.
Generous Benefits Of Net Metering And Cash Rebates In California
Despite legislative warfare over net metering in California, it remains one of the greatest inducements for homeowners opting for solar power in Oceanside. Every resident owning a solar system qualifies for bill credits for surplus solar energy generation at retail prices from their utility.
There is more good news in the form of yet another attractive inducement: the California Solar Initiative. It consists of a cash rebate given to consumers of three utilities—Pacific Gas and Electric (PG&E), Southern California Edison (SCE), and San Diego Gas and Electric (SDG&E). This rebate is for low-income homeowners who get cash back after they go solar. Payback amounts can peak at a whopping $10,000.
Rebates ranging from $0.20-$1.25 per watt of installed solar capacity are also given to homeowners by some local utilities. Typically, your system qualifies for cash rebates for each watt of solar power up to 10 kW by Silicon Valley Power. The Los Angeles Department of Water and Power gives a rebate of $0.25/W of installed solar power.
The outcome of this bonanza is a drop in solar costs in California.
Per Unit Solar Savings May Rise in Oceanside
Oceanside homeowners can expect dips in solar prices to last for at least the next five years. However, at Solar Watt Solutions in Oceanside, we believe that this downward trend in prices alone is not the unique selling proposition. What tilts scales in favor of opting for solar is the long-term return on investment.
In 2017, solar players offered Oceanside homeowners an estimated average saving of over $62,277 over 20 years. Here is a breakdown of the average net savings per size of the system in Oceanside: For a 3kW system, savings could be $35,000, almost $58,000 for a 5kW system, and whopping $200,000 for a 12kW system.
The Smart Way For Solar Shopping
At Solar Watt Solutions in Oceanside, we recommend customers get multiple quotes, and once you compare and make an informed decision, you may save more than 10%. The U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) also suggests that homeowners should do an extensive survey of solar options by the smaller players in the solar sector to prevent being overcharged by the big fish in the industry.
Local Solar Power System Installers Or National Level Players?
It’s not always that the larger the player, the more attractive the offering. Indeed, the more prominent names set aside a huge advertising budget to attract customers, but it can also happen that they don’t deliver on promises. Therefore, at Solar Watt Solutions in Oceanside, we advise homeowners to consider both big and smaller players who are locally active to secure the best option. A recent report by the U.S. government indicates that big solar power system installers may charge between $2,000 and $5,000 more than smaller solar companies.
Moreover, energy experts also say that national-level installers generally offer limited solar equipment options while quoting higher prices than smaller players. A high installation cost can be detrimental to the productivity of your solar power system. Solar Watt Solutions in Oceanside recommends that you invite multiple solar offers from various suppliers to tabulate favorable costs and savings.
Solar Watt Solutions in Oceanside also invites residents and businesses to use our free downloadable Solar Buying Guide and free solar evaluation service to get a better understanding of solar power fundamentals, equipment, costs, and saving. Please call Solar Watt Solutions in Oceanside at 855-600-9288 (WATT) to schedule your appointment for solar power system evaluation.
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