Solar power in Placerville, California
PG&E provide a net metering program to their solar customers in Placerville.
A large part of the total system cost may be claimed as a tax deduction if you have a taxable income — 26% in 2020, or 22% in 2021 . The federal solar tax credit always covers the set percentage 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.
Net Metering Broken Down
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.
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 in northern California, installing a solar system is still a great investment.
The average cost of installing residential solar panels in Placerville,
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 Placerville, CA
is $13,600.
(after claiming 26% tax credit and other rebates)
The 26% federal solar tax credit explained
If you have a federal income tax liability, 26% of the cost of your solar system can be claimed as a deduction to your taxes. This incentive is claimed when you do your taxes. In order to receive the tax credit quicker it's best to do your taxes as soon as possible after installation.
What if my tax liability is less than 26% of my systems costThere is the option to claim this incentive over several years if your tax liability is less than 26% of the system cost.
How much will solar panels on my home save me?
The answer to this question depends on your electricity usage. Generally speaking the greater your power usage the greater the potential savings from installing solar.
The average monthly usage in California is only 573kWh per month however, you are most likely using a lot more than this since this average includes condos and small apartments.
The Placerville solar panel savings calculator below will convert your monthly power spend into power usage (in kWh's) and then work out exactly how many solar panels you need to offset your usage, how much they will cost based on the prices of local solar companies and the amount you will save. Our California solar savings calculator can do this because it contains a database of the electric rates charged by Pacific Gas & Electric Co, Sierra Pacific Power Co
How much can solar panels save you in Placerville
What does the cost of a real solar system look like?
Facts about installing a 9.56kW solar system in Placerville, CA
This system would offset 100% of your energy usage if your typical monthly bill is $268, however your situation may vary so try our Placerville solar calculator to get a result tailored to you.
$17,828
Net cost of system
5 Years
Average payback time
13,512 kWh
Annual power production
5¢/kWh
Levelized cost of solar energy
42¢/kWh
If you don't get solar
Cash flow graph based on cash purchase of this 9.56kW system
Life-time savings on this system over the next 25 years
$117,409
(Prices shown after repayments of capital)
122
Solar companies in Placerville, CA that provide pricing through the Solar-Estimate marketplace.
Average total cost of solar panel installation in Placerville
| 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 |
Find out what system size you need 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 |
| 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 |
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.
