Cost of solar in Morgan Hill, CA

Electricity Consumption in Morgan Hill

Electricity Consumption by California residents averages 573 kWh per month. It ranks #2 in the nation for savings from installing solar panels on the home.

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Solar power in Morgan Hill, California

PG&E offer an excellent net metering program in Morgan Hill. Net metering credits each kWh of unused solar generation exported to the grid at the same value as a kWh drawn from the grid making it easier to pay off your power bill. Even in Northern California solar production is excellent and usually more power is exported than drawn from the grid. The excess kWh's are valued at the retail power price. Credit can be used on future bills up to one year later or at the end of the 12 month billing cycle PG&E can put the money in your account. Sadly with the new NEM-2 rules net metering returns are about 10% lower since new solar customers must switch to time of use billing thankfully, the decline in equipment costs and great sun exposure still make solar a great investment.

There is also the 30% federal solar tax credit allowing for 30% of the system cost to be claimed as a deduction to federal taxes. This incentive can be used in increments over many years and doesn't impose any size restrictions, it'll always cover 30% no matter the size. With major Investor Owned Utilities such as PG&E fighting to end net metering incentives certainly won't get any better so don't wait too long!

Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator to find out:

 

Estimate your solar savings

 

Solar power in California

The average cost of installing residential solar panels in Morgan Hill, California in 2018 is $3.63 per watt. The average system size in the US is 6 kilowatts, which means the average price of a solar system in Morgan Hill, CA is $18,150. (before claiming 30% tax credit and other rebates)

What does the cost of a real solar system look like?

Facts about installing a 6.15kW solar system in Morgan Hill, CA

This system would offset 100% of your energy usage if your typical monthly bill is $133, however your situation may vary so try our solar calculator to get a result tailored to you.

$15,584

Net cost of system
Cash - after 30% solar tax credit

8 Years 3 Months

Average payback time

8,769
kWh

Annual power production


/kWh

levilized cost of solar energy

32¢
/kWh

If you don't get solar
The forecast average utility price over the next 25 years

Cash flow graph based on cash purchase of this 6.15kW system

Life-time savings on this system over the next 25 years

$48,478

(Prices shown after repayments of capital)

 


 

Solar companies in Morgan Hill, CA that provide pricing through the Solar-Estimate marketplace

133

 


Solar calculator and quote comparison tool

Average total cost of solar panel installation in California

System Size Cash purchase
After 30% solar tax credit
Financed purchase
After 30% solar tax credit
3kw $8,337 $9,004
4kw $10,808 $11,673
5kw $13,125 $14,175
6kw $15,246 $16,466
7kw $17,248 $18,628
8kw $19,096 $20,624
9kw $20,727 $22,385
10kw $22,260 $24,041

 

Design your own solar panel system for your home

Going solar in California

Check out all of the ways energy providers of California can help you be more energy efficient and save money.

The following programs are available:
Incentive Name Eligibility Type
Residential Renewable Energy Tax Credit Federal Personal Tax Credit
Silicon Valley Power - Solar Electric Buy Down Program Utility Rebate Program
Find your local rebates and incentives

Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.