How much is the cost of solar installation in San Francisco?

San Francisco is one of the best cities for solar energy installations. We have helped more owners in the area of the Bay to obtain solar estimates that almost everywhere elsewhere in the country. And it is probably because San Franciscans are extremely lucky discounts and incentives. They have not two, but three types of incentives that make solar affordable. Today, I will bring federal tax credits, rebates from the State, city discounts and incentives utility to go solar in the city by the Bay.

Solar energy is not known to be a good market. But State and Federal Government respond to that and brought all sorts of measures incentives owner for going solar in San Francisco. These incentives, plus the long-term energy savings, make home solar panels more affordable than ever.

To learn how much it costs for solar installation in your area, click here.

The incentive greater is the Renewable Energy tax credit, which pays you back a whopping 30% of the costs of installation after State of discounts kick in - and it is without a Cap. Therefore, if your system costs $ 30,000, you get a tax credit of $10,000 and spinning your meter probably towards the rear for the next 25-30 years.

Second, all owners must know about the California Solar Initiative, a State agency that provides cash rebates for systems up to 30 kilowatt-hours (systems typical House of 3-7 kW range). Discounts are measured by watt that you install, with an average of 9 to 14% return through discounts.

But declining system of discounts in California, the amount you receive depends on when you install the system. This is called the Expected Performance-Based of reduction of interest, which dictates that earlier you go to solar, refunds you are eligible. Rebates are paid in a lump cash sum when your system is connected. However, if you wait too long, you might miss. Once the State has achieved its goal of 350 megawatts, CSI discounts expire. It remains to see if they will be renewed.

Delivered State are calculated through your local public service, which, if you live in San Francisco, probably PG & e. currently, PG & E offers a discount of $0.35 per kilowatt-hour of solar energy produced. Once again, this refund will decrease to $0.25, once reached the capacity for the current level. Owners are encouraged to act quickly to take advantage of utility discounts, which can add up to thousands of dollars returned.

The third round of rebates to San Francisco come from GoSolarSF, which has been extended to June 2011. A table below shows the specificities of the dollar and who is eligible for how much. Average rebates through GoSolarSF are $ 2,000 - an incredible additional bonus for San Franciscans. Even better is the rate for low-income applicants who strikes the $7,000 cost of your system.

Companies can also get $1,500 per kW of installed capacity (up to $10,000). Therefore, if you have installed a 3 kW system for your small business, you will receive an additional rebate of $4,500. It is too good for any business owner to let pass.

Average residential PV systems costs are approximately $8.70 per watt (as calculated in January 2011). It is approximately $34,840 for a 4 kW system, which is the table of average size.

Let's say that you want this system 4 kW, and with tax, it is about $36,000. With a roof of the South face inclined 30 degrees (ideal conditions), your upfront cost is $22,820. Which is an economy of $inhabitants, i.e. 37%.

As you can see, the reimbursement of the CSI State nets you $1,400, GoSolarSF refund takes you $ 2 000 (except if you are low income or eligible for more information), and the federal tax credit is reimbursed $9,780.

Then, once your system helps reduce your invoice of electricity by 85%, you'll save $1,820 per year.

That removes the cost of your first year up to $20,980 total.

Amazing, no?

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Posted May 3, solar financing in Brittany.

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