Cost of solar in Palm Springs, CA

Electricity Consumption in Palm Springs

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 Palm Springs, California

Palm Springs is an amazing place to go solar with excellent sun shine and excellent incentives. You'll be happy to hear that solar produces about 30%-40% more power than in places such as New York and Rhode-Island and combined with net metering your savings are huge. If you're utility is an investor owned utility such as Southern California Edison you can receive net metering crediting you for any surplus power exported to the grid with their retail power rate. Unfortunately investor owned utilities have moved to NEM-2 net metering which is slightly less profitable but only around 10% so solar still remains an excellent investment in your region of the country.

Since most homeowners are away from home during the day when solar is producing the most power net metering becomes a massive incentive and will make you a lot of money. There is also a 30% federal tax credit on solar covering 30% of the costs. A big reason people choose not to go solar is they don't know how long they'll be in their current home. If you install solar on your home and decide to sell later it will still remain as a profitable investment since solar adds a great deal of value to your home so even if the 30% tax credit and net metering are yet to pay off your system your investment will still be very profitable.

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

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Solar power in California

The average cost of installing residential solar panels in Palm Springs, California in 2020 is $2.72 per watt. The average system size in the US is 6 kilowatts, which means the average price of a solar system in Palm Springs, CA is $13,600. (before claiming 26% tax credit and other rebates)

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

Facts about installing a 8.73kW solar system in Palm Springs, CA

This system would offset 100% of your energy usage if your typical monthly bill is $298, however your situation may vary so try our Palm Springs solar calculator to get a result tailored to you.

$16,603

Net cost of system
Cash - after 26% solar tax credit

4 Years 3 Months

Average payback time

14,190
kWh

Annual power production


/kWh

levilized cost of solar energy

45¢
/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 8.73kW system

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

$135,235

(Prices shown after repayments of capital)

 


 

Solar companies in Palm Springs, CA that provide pricing through the Solar-Estimate marketplace

200

 


Solar calculator and quote comparison tool

Average total cost of solar panel installation in California

System Size Cash purchase
After 26% solar tax credit
Financed purchase
After 26% solar tax credit
3kw $6,416 $6,929
4kw $8,377 $9,047
5kw $10,286 $11,109
6kw $12,077 $13,043
7kw $13,831 $14,937
8kw $15,451 $16,687
9kw $17,050 $18,414
10kw $18,500 $19,980

 

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
Property Tax Exclusion for Solar Energy Systems State Property Tax Incentive
Sonoma County - Energy Independence Program Local PACE Financing
NEM 2.0 State Net Metering

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