Cost of solar in Placerville, CA
Electricity Consumption in Placerville
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 Placerville, California
PG&E provide a net metering program to their solar customers in Placerville. Under net metering each kWh of unused solar generation is sent to the grid and offsets the cost of another kWh drawn from the grid when your solar system isn't producing enough energy. At the end of the month if more power has been exported than consumed each excess kWh is credited at the retail power rate. Credit can be applied to future bills within the same 12 month billing cycle, any remaining balance at the end of the 12 months is deposited into your account. The new NEM-2 rules do unfortunately require PG&E customers to switch to time of use billing reducing returns by about 10% however, this is very little and with solar becoming cheaper and great sun exposure even in northern California installing a solar system is still a great investment.
30% of the total system cost may be claimed as a tax deduction if you have a taxable income. The federal solar tax credit always covers 30% of the cost no matter the size and can be spread over several years. Financial incentives such as these and net metering make solar the simple choice, be sure to act soon since utilities are trying to end net metering.
Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator to find out:
- How many solar panels you need to cover your power bill;
- How suitable your house is for solar;
- What incentives your house may be eligible for;
- The cost of solar panel installation in Placerville and whether you are eligible for zero down solar deals; and
- Your likely payback period and return on investment from installing solar
Estimate your solar savings
The average cost of installing residential solar panels in Placerville, 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 Placerville, 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 4.67kW solar system in Placerville, CA
This system would offset 100% of your energy usage if your typical monthly bill is $131, however your situation may vary so try our solar calculator to get a result tailored to you.
$12,357
Net cost of system
Cash - after 30% solar tax credit
6 Years 10 Months
Average payback time
6,605
kWh
Annual power production
7¢
/kWh
levilized cost of solar energy
42¢
/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 4.67kW system
Life-time savings on this system over the next 25 years
$52,100
(Prices shown after repayments of capital)
Solar companies in Placerville, CA that provide pricing through the Solar-Estimate marketplace
122
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 |
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.