3 Simple Ways to Save On Solar in California
Thanks to a range of supportive green policies and solar incentives, very few solar customers ever pay full price for their photovoltaic (PV) installations.
Whereas the standard ticket price for a new installation can be $30,000, $50,000, or more – the true cost in California is much closer to $10,000 on average.
But it’s possible to reduce solar costs even further. In this post, will explore 3 simple ways to save on solar power in California.
1. Save on Solar By Making Your Property More Energy Efficient
Energy efficiency is one of the simplest (but overlooked) strategies for reducing solar installation costs.
The basic logic is straightforward. The less energy you use, the fewer solar panels you’ll need to cover all of your daily electricity requirements. Fewer panels = lower cost.
Some of the more popular energy efficiency strategies include:
- Using compact fluorescent light bulbs (CFLs)
- Installing a smart thermostat
- Using ENERGY STAR-approved appliance
2. Save on Solar By Qualifying for Green Incentives
As mentioned before, very few solar customers pay full price for their installations. There exist countless local, state, and federal incentives designed to reduce the upfront and long-term costs of going solar.
The most popular solar incentives in California include:
- The federal tax credit (up to 30% applied towards your system)
- The California solar rebate program
- The Southern California Edison net metering program
There are 2 important things to remember about these solar incentives:
- Funding is limited, with most incentives available on a first-come first-served basis. In other words, apply now before this free money runs out
- In order to qualify for most of these programs, your installation must be performed by a licensed contractor. Do-it-yourself (DIY) solar installations may seem cheaper. But they’re actually much more expensive in the long run.
3. Save on Solar by Choosing the Best Financing Options
If you don’t have cash handy, there are 2 primary ways of financing a solar installation – leases and loans. Before deciding on which of these approaches to use, you must define your long-term energy and financial goals:
- Solar Leases Let You Save Now- Solar leases offer the best short-term savings.You pay little (or nothing) to receive a brand-new installation. Thereafter, you pay fixed low prices for the clean electricity that your leased solar panels generate
- Solar Loans Let You Save Later- Solar loans carry larger upfront costs. But over the 25+ year lifetime of your installation, they deliver much larger savings.
At SavOn Solar, we’ve consistently helped our customers achieve payback periods of 7 years or less. Thereafter, they enjoy decades of clean, free electricity. Viewed in this light, solar loans are actually the most affordable way to finance your installation.
To learn more about the benefits of these 2 financing approaches, click here.
1 Final Way to Save on Solar…
The above tips represent proven strategies for reducing the overall cost of your installation. But there is 1 final way to make sure you maximize your savings and increase the ROI of your solar investment.
Use quality solar parts installed by experienced PV professionals.
Going solar shouldn’t be a hasty decision. Shop around and compare your options. The long-term benefits of doing this research include:
- Fewer repairs, replacements, and costs later on
- More solar energy output per square meter
- Shorter payback periods and higher ROIs
To learn how SavOn Solar can help you save money and generate optimal returns, click here for a free consultation.